Prior to Beyond Light, I ran the game at 90fps locked regardless of where I was. Trying all the fixes listed below, I was not able to improve performance however, enabling force_enable_multi_threaded_render_submit in my CVARS.xml did improve performance but also caused the game to flicker.
The drop in FPS is most noticeable in older content and within the first room of Bray Exoscience.
DxDiag: https://pastebin.com/jmLviLa9