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Out of curiosity and encouraged by Ewi's Performance ENB for 0.119 binaries, I decided to do a bit of experimentation on True Vision 0.119 and well, although I lose many of the eyecandy that came with 0.236 and later 0.262, I nevertheless somehow gained a few more FPS even with DOF on (well, I was using a form of ultra-fast bokeh that came with The Wilds), and the skies were more clear than the customized True Vision I normally used.

BTW, as we all know that 0.119 doesn't have the memory management that came with later binaries, SKSE 1.7.1 compensated for this by itself working to allocate memory on its own, that I used SweetFX (will try plain SMAA) to provide SMAA, and that I had Vsync enabled in skyrim.ini -- although I experienced some slight hiccups, I never had a major hangup in the 30-minute playthrough.