In the case "real world performance" it has to do with the implementation of the lock and the architecture, but the CAS intrinsics on the architecture are almost certainly going to be the most performant way to do memory sync, so either the lock elides to those or it doesn't but if you are doing the CAS yourself you know what you are using.
For the purposes of these algorithm discussions though it can matter a lot because of the semantics of the lock. To prove something is lock free you have to prove that a thread will complete in a finite number of steps and lots of lock semantics don't allow for that.
For wait free all of the threads must complete and I don't know of any locking semantics that can allow for this property (but I'm definitely not an expert and usually poorly muddle through lock/algo papers).
I think its important to recognize that lock-free/wait-free is more important for real time systems than it is for "performance" (in terms of latency of request). Real time systems are often practically slower than a non-real time version of the same thing, but they have a more consistent worst case. This is where lock-free/wait-free are especially useful.