Can't really judge by the ms of the monitors. The Asus is 2ms GTG (grey to grey) which is slower than the normal BTB ms rating (black to black). MS rated in GTG will always show a lower number than a BTB rating, and is just really a marketing ploy. The Acer model doesn't state which is used. As for the contrast ratio, anything over 500 will suffice, but the Acer's is higher, and at a cheaper price.
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