I prefer square resolutions in first person games in 2160×2160 or 2400×2400 or more in combination with DLSS in Quality Mode. Textures always in high, and standard graphic settings for example shadows etc. are more important than Raytracing . Raytracing should be activated only if you have more than 60fps and all other settings are already at high and the resolution is 4k.
For driving in cars i switch to edge peak with black borders and 3D at 60%. There is mod on nexus mods page for realistic behavior of the cars, exactly as in Forza, that is really cool driving.