There are 2 reasons for you to consider upgrading
If you go to a SATA drive you're going from 400-ish to 500-ish. That is a 25% improve that is significant, but not in my opinion compelling alone. Going to a NVMe would up that %age.
Capacity would allow you to put more than the bare minimum on the drive. Particularly games of course.
So, overall. Yes it would be worth upgrading but only if you go larger. Which I'm sure you would be doing. It makes zero sense to upgrade to newer 120GB drive.