It should. Some people have rarely had some stuttering on newer hardware though, since Distance uses a fairly old version of Unity compared to most other games (Unity 5 from 2015), and older Unity versions potentially don't utilize newer hardware as well as newer Unity versions do. It really depends on your specific setup though, as some people even with the same hardware have had different performance.

That said, I would definitely recommend the PC version over the PS version. The level editor and workshop are a huge part of the game, as well as many community-created resources such as the external leaderboards: HoldBoost[holdboost.com] and HoldGrip[holdgrip.seekr.pw] which only work with the Steam leaderboards. Also, only the PC version has online multiplayer; the PS version only has split-screen.