I get no difference in output
$ vblank_mode=0 glxgears
Running synchronized to the vertical refresh. The framerate should be
approximately the same as the monitor refresh rate.
302 frames in 5.0 seconds = 60.363 FPS
300 frames in 5.0 seconds = 59.952 FPS
If I open the Nvidia Display Settings, select OpenGL settings, and untick the 'Sync to VBlank' box the non-synced frame rate will be displayed.
$ glxgears
34810 frames in 5.0 seconds = 6961.898 FPS
35292 frames in 5.0 seconds = 7057.892 FPS
34341 frames in 5.0 seconds = 6868.111 FPS