显得 and 看起来 all mean look (like) ,seem,appear, mostly are same, but 看起来 always INVOLVE your opinion,what you see, what you think, 显得 means someone or something SHOW status/state/emotion/condition ect.
他看起来很高兴 he looks very happy(when i see his face i think he is happy)
他显得很高兴 he seems very happy(his smile show that he is happy)
the subject of 显得 is living thing in general. 看起来 both living thing and objective object
天看起来要下雨(Right)
天显得要下雨(Not wrong,but strange,we dont say a sentence like that)
这看起来很好吃(Right)
这显得很好吃((Not wrong,but a little bit strange)