Singlethread performance is a result of frequency and IPC, this should be more than obvious.
And yet somehow so many people ignored RKL's obvious frequency limitations within a reasonable power envelope while drinking the IPC gainz kool-aid.
Simply ask yourself why they even bother working on faster iGPUs when it's just a monitor driver. Saying worst in class is strange, you should understand that not all mobile devices are suited for a dedicated GPU, be it for cost reasons, cooling reasons, size constraints etc. There is a big market for non dGPU devices and not everyone is fine with an UHD 620 like performance forever. A decent iGPU also helps removing the crap dGPUs from Nvidia, MX130 and MX230 are no longer a thing since Tigerlake.
Then why did you bring up the supposed perf gains of UHD750?
Also the reason you work on faster iGPU is so you can shrink it down even more for parity performance, thus saving cost and power.