...but TV (news, sports, game shows, etc.) for the most part uses 60 fields (equivalent to frames) with 1/60 shutter....If cinematography narrows it down to movies and episodic TV aping the movie look....
Actually ATSC TV is broadcast in two common formats: 1080i at 29.97 frame/sec (59.94 fields per sec, interlaced), using 1/60th shutter speed in line with the 180 degree rule. NBC, CBS and many others use that format.
The other common format used by ABC, Fox, and ESPN networks is 720p/60 (59.94 frames/sec, progressive). I believe the 720p broadcasters also use 1/60th sec, so you're right in that sense -- they don't stick with 2x the shutter speed in the 720p case, however they all use 1/60th which is about 2x the 29.97 fps rate.
For this thread it may be a moot point since the question concerned an iPhone, and you can't control the video shutter speed to my knowledge.
The question was which produces better low light results in an iPhone 7 Plus, 4k/30 or 1080p/60. I tested this on my iPhone 7 (non-plus) in measured 2 lux illumination which is very dim, also including 1080p/30 and 720p/30. I examined downloaded the video files and examined the luma waveform and histograms and transcoded all to 1080p to see if it produced any benefit from 4k downscaling.
I really could not see much difference. The 4k/30 clip appeared to have a little more noise than the others (even after downscaling) but it was exposed slightly brighter for unknown reasons. This shows how even a simple test quickly becomes complicated.
The next step would be to re-shoot and see if the camera could be tricked into more equal exposures and/or normalize them to the same luma level in post, which I don't have time to do.
In short the iPhone 7 shoots remarkably good video in extremely low ambient lighting. I'd estimate it's about equal to recent-generation $1k consumer camcorders unless they are using a slow shutter low light mode. Based on the simple testing I did, I don't see a major difference in low-light capability between 4k/30 and 1080/60, although it would take more testing to be sure.