Yet again explained: Yes, LCDs do have the capability of CHANGING a pixel. Duh. Yet, if a pixel has already been set to its intended state, it need not be REFRESHED. On a CRT, you need the ray beam to come by every pixel as often as you can, to make the phosphor glow again. LCDs have a backlight surface that is on all the time, lighting all pixels all the time, and each pixel has its individual transistor triplet that also is active all the time.
And no, there is no difference "to the trained eye". This is because LCDs don't have a realtime connection between input signal and actual display unit. The LCD logic does the same thing at the same speed out of the LCD's internal frame buffer all the time, regardless of the input signal's properties. Only the signal resampling unit will have to work harder on the input signal into that buffer. See below.
Now, switch times. LCDs have a pixel switching latency of X milliseconds. That means that driving more than 1/X images per second into them makes no difference anymore. E.g. a 16 ms panel can change its pixels 60 times per second.
Finally, analog input signals. The LCD being digital, the VGA input needs to be resampled. The higher the signal frequency, the more washed out the signal edges are, the harder the resampling becomes, the blurrier the finer detail.
So. Anyone still think "75 Hz is better"?