It does not triple resolution. Subpixel rendering can only be used to smooth full pixel lines - this introduces color fringing on the sides of font glyphs, but one that can sometimes be ignored when the smoothed lines are thick enough to distract.
If you used subpixel rendering to render lines of fractional pixel thickness, it would just appear as a single-pixel line of the wrong color. The same happens if you render line thicknesses up to 1 1/3 pixels wide, but offset to not match any pixel boundary.
At the same time, subpixel antialiasing can only be used with a specific subpixel layout, in the direction sof the subpixels. For regular desktop LCD panels, this means smoothing of vertical lines only, making characters like "o" look funky and uneven.
With that in mind, a 4k panel with subpixel antialiasing does not look anything like a 6k panel with greyscale antialiasing ("super expensive mac screen" is not relevant, apart from display technology differences not related to resolution or aliasing).