I wonder where the new misinformation comes from sometimes. Refresh rate is 60hz on all 100€ monitors but you find plenty of ips with high hz along with tn. Backlight bleed is not more common on ips but many people mistake ips glow for it. Backlight bleed should not happen unless it is faulty. On the other hand, ips glow is always there on low end ips. Ips does not mean better color. Cheap ips typically are the same color gamut and accuracy. Lag time is too small to be out of standard deviation if that is for input lag. But 5ms is response time and under what is needed for 60hz.
When comparing monitors, for the most part you can ignore panel type. I would not suggest ips because of the glow when many of the tn and ips of cheap...