Lighting quality looks like medium but is set to epic

Go to Settings > Scalability Settings and make sure everything is set to EPIC. The editor will detect if your computer is running at a low framerate and will adjust these settings to make editing your game more manageable. Once you run a standalone game, those settings should be set back to whatever the game is intended to have for every computer.

So if the editor scalability settings aren’t the problem, try running a standalone game to further test.