Yes off course 120hz is more smooth then 100hz
But the difference must be not so visible when you pan left or right.
It feels more like software use 60hz as reference for calculations instead of the real refresh rate set in the monitor settings.
The big problem with 120hz is that is makes you sick and 100hz
works fine. But is less smooth. For now i stay with 110Hz. that makes me not sick with turning.
I just have the feeling that 100hz is only less smooth because the frames are calculated wrong. Byw i see in a quick look the same problem with SL.