The human eye has NO limits as far as I have seen. But it does get "used" to whatever higher refresh rates you are using (and FPS of them). And that's, in my opinion, very bad.
Using really high refresh rates will force you to always be discontent with your framerate. Whenever your framerate isn't at least that of your refresh rate its GOING to look bad.
I won't notice the difference between 85 and 100Hz/FPS until I go to 100 and then switch back later. However, I do notice a distinct difference when switching UP to 140Hz/FPS, in which case everything seems smoother...the problem is that after using 140Hz/FPS, absolutely all the frequencies/framerates below that look choppy to me. Basically, I think the brain reconfigures its "normal" idea of what a "comfortable" refresh rate is if you increase your refresh rate. Reason being, I run 640x480 at 140Hz and 1152x864 at 85Hz, and after exiting the 640x480 game I get headaches from looking at the 85Hz thing.
Also...
60FPS + 140Hz = "Choppy"
85FPS + 140Hz = "a bit choppy"
100FPS + 140Hz = "barely noticeable"
140FPS + 140Hz = "smooth"
Then if i switch back to 60Hz suddenly from 140, I get a migraine. I personally recommend 85-100Hz for all gamers for the simple reason that if you need to use someone else's computer and their refreshrate sucks you won't get a huge headache from it. Also, to avoid perceived "choppiness" in your FPS, always keep your monitor refresh rate as high as most of your games' FPS are stable at, and no higher...too high, and you risk suffering from this "raised bar" of framerate that your brain creates.
Your mileage may vary.