MobileHDR doesn't render materials from PAK Files (required by Mobile Deferred Renderer)

Development Platform & Builds Mobile
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I believe it has to do with MobileHDR. On Forward Renderer, if Mobile HDR is on, the result is the same.

If Mobile HDR is off, it works. Deferred Renderer forces use of Mobile HDR, so that is truly the culprit it seems, not Deferred Renderer