I noticed the exact same issue. It seems there are some baked reflections and shadows with RT OFF that create all sorts of graphical glitches, especially around water.
It really breaks the immersion and forces one to use Ray Tracing, even when it really affects the performance of the game. None of the options we have right now are ideal.
new patch didnt fix it.....
Is there any mod?
I can't even tell much difference with Raytracing on or off EXCEPT for water reflections. It just kind of eats my frames and otherwise a placebo effect.
