Because if you don`t have a 120 HZ monitor and only have a 60 HZ monitor, you monitor won`t show more then 60 FPS, even if your game say´s 200+FPS you will still onle see 60 FPS.
Vsync allso prevents you from getting screen terring, from forcing your monitor to try and show more FPS then it can. Vsync is your friend. DON`T TUNR IT OFF.
As for using CF in wow. atm it works like crap. i have turned my CF off while playing wow. it gives about zero FPS gaine. if you are running CF just because of wow, then you have wasted ALOT of money for nothing