https://wccftech.com/control-ultimate-edition-features-solid-performance-on-playstation-5-settings-are-mostly-on-low/

Control Ultimate Edition on PlayStation 5 is a big step-up over the last-gen version of the game, although it doesn't compare to the PC version at max settings.

Digital Foundry took a good look at Control Ultimate Edition running on PlayStation 5, confirming that performance is mostly solid in both display modes - the 60 FPS mode and Ray Tracing Mode.