https://forums.station.sony.com/ps2/index.php?threads/any-tips-to-increase-fps.171470/#post-2471889 Also, it will be helpful if you put your own system specs.
Setting everything to low would actually make performance worse. Part of the engine behavior shifts more work to the CPU if you use the low settings as it assumes you have an incapable video card. Higher settings shift more of it toward the GPU.