LWC (Large World Coordinates) do not work for First Person Shooters/Driving games. Wobbly rendering artefacts UE5 only (UE4 works fine)

Please lets keep it professional.
The issue I have is not occuring on UE4.26.2
Could you please elaborate why this issue occurs on UE5, but not on UE4? See my video where sphere is rotating. It shows UE5 and then UE4.