No, all graphical type settings like that are all GPU bound. I say no AA because Last Light maxed kills even a 680/770 with AA enabled.
I'm just giving you an estimation based on what I can do with my 5850. After update 3 was released I can do Very High @ 1920x1200 with normal tessellation, with no AA. You should be able to do do very high with high tessellation and no AA.