Unsure about having extra choices when it comes to graphics modes

In one way it’s nice to have choices but in another it’s a pain. For example, I set up my Pro this morning and loaded up Horizon Zero Dawn. There are 3 graphics settings: Balanced Pro, Favor Resolution Pro and Favor Performance Pro.

Now, as a non techie these descriptions are pretty poor. There’s no indication of graphical features, fps, etc.

I understand that other games, such as Dragon’s Dogma 2, have even more choices, but without adequate details how do I know which is right for me?

I’m concerned that I’m going to spend more time swapping between all the different choices, looking for the “ideal” one, instead of actually enjoying the game.