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Help with the ps3 display/video settings for optimal performance on a monitor.

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The Longbow Hunter.
Whats up people. I recently got a ps3 and i am noticing the colors looked a bit washed up compared to the 360 version. I need some advice on what settings you guys run for display and video for best performance. Im using a Viewsonic vx2453 mh led. 2 ms gtg and 4.9 ms input lag. I really want to improve the colors and graphics but i wouldnt want to increase lag if that is even possible. Sorry for the grammar im typing on a kindle fire. Greetings.