Some comparisons from me:
Hardware Lumen vs. Full Ray Tracing 4 at DLSS Ultra Performance (720P):
https://imgsli.com/MjAyNzUw
Hardware Lumen vs. Full Ray Tracing 5 at DLSS Ultra Performance (720P):
https://imgsli.com/MjAyNzUx
Hardware Lumen vs. Full Ray Tracing 6 at DLSS Ultra Performance (720P):
https://imgsli.com/MjAyNzU5
What you don't see in the pictures is that the lumen is also more pulsating and restless while standing still.
Even with DLSS Ultra Performance the image quality is mostly good on a 65 inch screen at 2,7 meters distance. This makes it playable for many more GPUs.
More comparison shots with the DLSS Quality mode (1440p) are here: