Ahh yes... the aging hardware... I know it well. :)
Forgetting for the moment the aging SandyBridge Desktop fitted with dual 780's collecting dust in a closet somewhere there's the string of 10xx series laptops I ended up with: 1050, 1060 & 1070.
Sure while none of them would push any modern games into very high resolutions or details these days a LOT COULD be said of both AMD & Intel's approach.
Granted while THEIR frame generation drivers are still fairly new as compared to the Nvidia solution(s) however it is my understanding that the AMD frame generation solution works across MUCH MORE of their product line then the Nvidia one does.
So yes, lack of large amounts of vram & gimped GPU's reduce the resolutions and details that games can be played at.
However one must realize that the EYE CANDY is SECONDARY to the game play and even GPU's that are >5yrs old are orders of magnitude more powerful then models decades or more older.