I just re-tested the latest version of LightRoom on a top-spec 2017 iMac 27. Despite having a Radeon Pro 580, Lightroom adjustment brush performance *slows down* when GPU acceleration is *enabled*. It becomes laggy and sluggish. This is 100% reproducible and very consistent. It is actually faster when GPU acceleration *disabled*. That is not a failure of Apple to provide a sufficiently fast GPU -- it is a failure of Adobe to write decent software. The OP issue was with Photoshop but this illustrates that Adobe has serious problems writing efficient code.
Are you using opengl or Metal? Or is there even an option in your version of PS (I know there's one in Premiere)