Graphics settings exist, if 20 and 30 series owners expect ultra settings path tracing, they're always going to be disappointed.
The graphics settings in HL2 RTX are 'low' and 'high', TAA-U, NIS, or native res and that's about the extent of it. You can disable the updated/upscaled meshes and surfaces, or enable some traditional post processing options, but the RTX features are pretty sparse. Low creates a boiling, irradiated image. TAA-U vastly improves light quality while vastly destroying image quality, and NIS strikes a balance but increases the number of denoising artifacts in a given scene. The default ray bounce settings are 0-2 bounces, which is the minimum. If your card cannot run that, you are quite frankly not going to be able to tune it any farther.
I'd be disappointed if my RTX branded graphics card struggled to run RTX branded games, personally. NVIDIA has a reputation as the plug-and-play option; that's not very plug-and-play of them.
You seem to be under the impression that being free means it's also free from scrutiny. This is false. Counter Strike 2 is a free game and is heavily scrutinized when and where issues arise.
"NVIDIA specific code" i.e. the DX12 Ultimate featureset.
RTX is a superset of DX12U, OptiX, and Vulkan. It contains a feature set greater than the sum of its parts. The AI denoising in particular I already expressed has a rough equivalency in Intel's hardware; it could be made to work a lot better than it does if things were not so closed. Architecturally it can do the same thing but since the specific optimizations are locked away in NVIDIA's walled garden, they can't possibly begin to try.
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Some fun comparisons at 720p for the Arc A770. Why 720p? Because that's the highest 'playable' resolution to compare to.
Ray bounces is set to 0-2 (default). Light and denoise quality is set to High. Scenes are given 5-10 seconds for denoising before capture.
Half Life 2 RTX - Native, New Assets



Half Life 2 RTX - TAA-U Full Screen, New Assets



Half Life 2 RTX - NIS Full Screen, New Assets



Half Life 2 (Nov. 26 2024 Update) - Max Settings 720P



Side by side of Scene 4 with maximum RT and denoising but with original assets. Image 1 is native, current version Half Life 2. Once again stills taken after a few seconds to let the denoising to catch up.



