From what I understand about AV (as a non-expert!), all three of those steps happen at different clock rates, ie you have a planner that’s updating continuously with observations from sensors at one rate, that planner then issues actions that get picked up by the actuators at another rate.
In that sense 20hz should really be compared to human reflexes without perception and planning; in scenarios where one is anticipating an action, response time can be as low as 150ms. in that context, I think 50ms/20hz is plenty reasonable for an automated driver.