Well, nobody will be able to tell you for sure, all you'll hear is speculation.
My guess would be either the drivers or the GPU itself is optimized to work better at higher resolutions.
But what's even worse in my opinion, not only do they deliver worse lo-res performance, but also worse 2D performance. The GeForce4 is way worse than the GeForce3 which is way worse than the GeForce2 when it comes to 2D performance.