I've been using Steam on (Debian) Linux for quite a while and haven't really run into issues. I mostly play Dota 2 and Stellaris, which come Linux native, but also a bunch of other stuff including quite a few Windows native / Proton-"translated" games.
All this on AMD graphics with standard open source drivers btw, did not install either proprietary drivers or "special" open source versions.
(Card is this in case anyone cares:)
0c:00.0 VGA … [AMD/ATI] Baffin [Radeon RX 550 640SP / RX 560/560X] (rev cf)
OpenGL renderer string: Radeon RX 560 Series (POLARIS11, DRM 3.36.0, 5.6.2+, LLVM 9.0.1)
OpenGL core profile version string: 4.6 (Core Profile) Mesa 20.0.2
Then again for lack of a Windows installation I wouldn't know if I'm losing performance. It is however what I expect of the card's age and price segment (mediocre in both I'd say.)