Guide to Uncap FPS
You can manually edit the settings yourself.

Go to:
SteamLibrary\steamapps\common\Torchlight Infinite -> UE_game -> saved -> config -> WindowsNoEditor.
Add this to your engine.ini (at the bottom).
[SystemSettings]
r.VSync=0
r.BloomQuality=0
r.SSR=0
r.Fog=0
r.VolumetricFog=0
r.SceneColorFringeQuality=0
r.DepthOfFieldQuality=0
r.Tonemapper.GrainQuantization=0
r.LensFlareQuality=0
r.MotionBlurQuality=0

[/script/engine.engine]
bSmoothFrameRate=0

[/script/engine.renderersettings]
t.MaxFPS=0
Save and make the file read only.
Now open up GameUserSettings.ini.
Add FrameRateLimit=240.000000 or your fps desired limit under [/script/engine.gameusersettings].
Now save ini file and make it read only like you did with engine.ini.
Enjoy 240 fps with no annoying effects!