You can get info about your Graphics card by using the menu item Tools->LightUp->OpenGL info.
This will open the Ruby console and print lots of info which can help indicate whether firstly you are actually using your graphics card at all, and secondly if its high enough spec.
Generally, ensuring you have updated drivers is a GoodThing(tm) not just for LightUp but Sketchup generally.
Also there was a time way back with SU3 when the difference in performance between "Use hardware acceleration" and not was pretty minimal. Nowadays thats not the case, and you'll find a much slicker workflow (irrespective of LightUp) by ensuring you're using your graphics card. To put it in perspective, a modern graphics card is at least as much computing power as your main PC. Not using it is turning your back on half your resources.
Adam