You mean Lumen runs at 60fps in a what is a very simple game (Fortnight)
And when it's pushed in an actual next gen looking environment it drops to 30fps.
Tells me everything.
Epic said they optimize Software lumen to run at 60 fps on current gen console. Same go see the Sillent Hill 2 remake PC requirement for 1080p TSR 60 fps and you will understand PS5 and XSX GPU are enough to run UE 5 game with Software lumen at 60 fps.
Software lumen was created for PC GPU without raytracing and Realtime GI at 60 fps on current gen consoles.
Go read to advance Realtime rendering SIGGRAPH 2022 presentation about Lumen and all the optimization for software lumen targeting 60 fps on current gen consoles.