It's been fixed after 1.5 years with update 2.2.1. Who would have thought that.
Scroll all the way to the bottom of the update notes:
https://www.bungie.net/en/Explore/Detail/News/47738
I've tested and verified that this specific issue has been fixed.
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I still have massive stuttering in Windowed Fullscreen.
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I think you are experiencing a different problem. The issue described in the OP was very specific and could be reproduced consistently in Public Patrol areas. The game for the remainder always ran well for me.
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About time!
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Yes man! It's been fixed for me! Yahoo!