As we know Anandtech published Nexus 4 benchmarks which show the phone underperforming significantly compared to its sister Optimus G. It appears they have since re-run the GLBenchmark tests and achieved much higher scores (in-line with the Optimus G) which they have not yet published.
You can analyse the full results here:
Here is a brief summary of the main differences. They are very significant and the phone appears to perform as expected.
Result will be likely hitting screen cap of ~60fps.
With these new results here is how the phone would stack up against their published results for other models for the common Egypt HD Offscreen test: