I am noob in this area. By unnecessary features what features are you saying. Thanks in advance.

I checked the manual. It looks like: 

Set picture mode to Standard (or Movie if you like, just not Dynamic)

Size to Screen Fit (very important so you can have the full picture, not cut off)

Color Tone to Normal (or Warm if you prefer)

Digital/Analogue Clean View to Off

HDMI Black Level to Low (or what you prefer, this doesn't affect performance, only shadow detail)

Motion Lighting to Off

Backlight controls how bright is the screen, Contrast should be around 80 on most TVs, optimal Brightness is usually the middle (this doesn't control backlight, don't use this to dim or make brighter the screen). Sharpness is a tricky one, it depends from set to set; start at lowest then go up as necessary.

Make all changes while looking at the PS4 source.

It was helpful. Thanks man. Much appriciated.

Since you have your PC hooked up, I'd suggest using ufotest.com to work out what features on your TV hinder performance. Especially lag. Nice TV though! I have a 60inch Sony Bravia W850B.

Very nice setup I wish I had a TV :|

That's cool and all, but no offense, does anybody really care?

Jelly?

Thanks man.

I care and many other people do too. I like seeing people's gaming set ups. If you're not interested then don't post in the thread. 

Nice! Here's my mess of the century:

I love it!