Gold Saucer G.A.T.E Air Force Once jerky camera movement

Date & Time: 08 October 2020
Frequency: Always
World name: n/a
Character name: n/a
Retainer name: n/a
NPC name: n/a
Monster name: n/a
Class/Level: n/a
Party or solo: n/a
In-game time: n/a
Area and coordinates: Gold Saucer (X:5.0 | Y:4.8)
Housing: n/a
Steps:
1. Play the Air Force One Gate on a high refresh rate display (120hz in my case).
If the monitor has a low persistence mode(ULMB), turning that on makes the issue much more obvious
2. Make sure the game can maintain the framerate at the display refresh rate
3. Observe:
3a. Moving targets, reticle, etc. move smoothly at 120fps
3b. When the player moves around, especially when rotating or moving close to fixed world objects, the position and orientation of the player doesn't update every frame

I haven't recorded it yet, but I guess that if you recorded the gameplay at 120 fps using something like OBS and step through the recording frame by frame, you should observe the camera perspective only changing every other frame (roughly), while the position of moving targets for example should change every frame.

Additional Information:
I have observed similar behavior with some other animations like banners waving in the wind (Gyr Abania, (X:34.2 Y:32.8 Z:1.7)) not updating every frame.
Those instances aren't anywhere near as distracting as camera movement not updating each frame, just wanted to mention that this type of issue is not limited to just Air Force One.


Connection Specs
- Type of internet connection/provider: n/a
- Modem maker/model number: n/a

■ relevant settings and PC Specs

CPU: Ryzen 3700x stock
RAM: 16GB 3600mhz
GPU: RTX 2070 super stock
Display: Benq XL2730Z running at 120hz with Blur Reduction(low persistence/ULMB) enabled
FFXIV framerate is locked to the refresh rate

Browser Information
- Name and version of the browser currently in-use: Google Chrome
- Internet Explorer Version: n/a