Is Intel Iris 1536 MB ‘better’ than Intel HD Graphics 4000?

Solution 1:

There are 3 types of mid 2014, two with integrated graphics & one with a discrete card.

The integrated chip is Intel 5100 or 5200 so yes, well within spec, even if you don't have the dual-graphics version with a GeForce GT 750M.

Source: Everymac

Solution 2:

Yes, the Iris Pro should be enough for the game. The HD 4000 is included in the Mid-2012 MacBook Pro so yours is newer than it, so definitely will work.