It may (or may not) look better.
But it does not react better to players input.
And that is the reason why it may or may not look better.
But definitely plays worse.
1) game running at 60fps, latency equal to 60fps, no artifacts from (M)FG
2) game showing 90fps, latency equal to 45~50fps, some FG generated artifact
3) game showing 170fps, latency equal to 40~45fps, more MFG generated artifact
I would pick the 1st one.
BTW
You may NOT get 240fps from 60fps base using 4x MFG.
Even 5x may not reach 240 from 60.
And using 6x MFG has its consequences.