Yes, that is correct assessment of the situation at hand
Also a 7 years old GPU that was pioneering the RT technology
Wouldn’t be out of question to turn on DLSS quality, FSR framegen and get the most of the settings down to medium, especially anything regarding the light effects. Light effects in general are the achilles heel of 2070 in Darktide!
And in general accepting that the GPU you got while perfectly sufficient to play the game without being an eyesore is few generations behind. To put it simply playing with settings on high goes beyond what the GPU is expected to handle nowadays.