TLDR:
Engine 5.3
- Color is correct in Viewport / Camera View
- Color is correct in Render MRQ output / Da Vinci Resolve / Nuke
Engine 5.4
- Color is incorrect in Viewport / Camera View
- Color is correct in Render MRQ output / Da Vinci Resolve / Nuke
Hello, I am trying to wrap my head around where likely user error might be coming from, but I have not solved this mystery and hoping someone here might help me explore a solution.
I have a viewport difference (color) between a fresh installed engine 5.3 and 5.4.
I noticed it first when opening a 5.3 project into 5.4 (as a copy) which prompted me to make a simple default scene in identical in both version for sanity check.
The weird part is that rendering (with Seq/MVQ) does not show a difference in color between both engines.
image: same simple default project viewport, all settings the same in both engines
image: same working project viewport, all settings the same in both engines
image: same working project render results, all settings the same in both engines
The color setup for above projects just a straightforward native OCIO.
! HOWEVER SAME ISSUE persists in default rec709/sRGB

I assume that must be something in my end as I cannot fathom that color would change so drastically between different engine versions which would be a nightmare in production.
Thank you !