Note, however, that the "higher is better" rule has some exceptions:
1) on some CRT displays, if you go REALLY high, the image starts to get fuzzy.
2) the rule ONLY applies to CRT displays (and plasma displays, I believe). Digital LCDs do not have a similarly-comparable refresh rate, and on a Mac, don't even show any options. Analog LCDs do not like high refresh rates -- they work best on 60Hz -- and get fuzzy and/or jittery at higher refresh rates. Note that since it's an LCD, there will be no flicker even on a 60Hz input signal.
tooki