I followed this hack and was able to great increase my FPS, and get a great looking image.

1. Launch Cyberpunk 2077, enable Ray Tracing and DLSS Super Resolution (in other words apply your preferable settings).

2. Exit the game and go to your %LOCALAPPDATA%\CD Projekt Red\Cyberpunk 2077 and open the UserSettings.json file.

3. Search for “DLSS_D”, set the “value” and “default_value” from “false” to “true”.

4. Save the config file and set it as “read only”.

5. Launch the game and play with Ray Tracing and DLSS Ray Reconstruction.