FX off fixed my issues for now. I don't mind being able to see the furthest parts of the inside of a station, but <23 FPS made the game mostly unplayable. It's also annoying to wait while filling the Cutters cargo, but it's equally nice to watch the profit slowly rise when sellingLate 2020.
FX off should be pinned as a solution so far. FX seems to be the second most "heavy" quality setting, after supersampling. I did not now until yesterday. Even if a fix comes out, I will still consider having FX off so that I can run the other settings at a higher level.
Generally I think this update is awesome, and I haven't even dragged my frags (yet).