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You cant play any of the ps3 parts on ps4. On ps4 there is only one game and it kinda sucks. On ps3 you have ToD (my personal favorite), QfB, ACiT, which is probably best game of future saga, Nexus, All 4 One and Q-Force. Ofc there's Trilogy too but you don't need it since you have the ps2 parts. Well, I recommend ps3.
PS4 is better and more powerful but PS3 is also powerful. It runs some graphic demanding games fine, one of the best examples being The Last Of Us. That game looks great on both PS3 and PS4. PS4 has stronger CPU, graphic chip and more RAM memory.
I think the difference in graphics processing. The power of the CPU and the gaming graphics cards. And also some other configuration inside the box. Those things definitely make up for a lot of big change. In fact most of the people tend to find a lot more lag difference in both the boxes that are around there as well.