Whenever I upscale any low quality video to 4k 60fps, I only get about 6-7fps on average.
My current settings in the video AI is progressive iris and proteus (automatically estimated), with Chronos fast for frame interpolation. Additionally, I have the encoder set to H264 High, with the bitrate set to auto.
Based on what your source is, and they amount of work to upscale to 4K 60fps, I6-7 fps sounds right. You either need a 40 series card, or i9, or both, to get better speed.
I use an M1 Max Macbook and was getting atrocious processing times, but I changed a few settings and went from .3fps to 18fps! I turned off anonymous data collection, changed export quality level from medium to high, and changed export container from mp4 to mov. I suspect there is less processing/compressing being done with these changes. I am starting with a mov file and suspect keeping it as mov cuts off some processing. Not for sure on the reasoning, but it went from stupidly unusable to useful.