Originally Posted by Blacklash
As Xion suggests, I will also try reducing only shaders and see how it impacts performance. I am curious and haven't tried that yet.
Shaders on high instead of very high will give you a nice FPS boost while not sacrificing to much in terms of image quality.
Honestly, the only settings you should run at very high are textures, objects, water and sound.
Run all the others at high for best performance/visual treat.