I also have this issue in 5.3, especially when using Volumetric Fog.
As soon as I use something with an emissive MAT, it gets flickering hard with an aura-like effect exactly like in OP’s video.
I also have this issue in 5.3, especially when using Volumetric Fog.
As soon as I use something with an emissive MAT, it gets flickering hard with an aura-like effect exactly like in OP’s video.