Massive slow down at 1st Chest

I’m running into a persistent and repeatable performance degradation bug. When I start a realm and I’m on the ship, it runs fine up until the captain tell me to go to my quarters. When I enter the ship, there is a chest in the first room and if I open that chest, the game slows down to a slide show. I tried skipping the chest at one point and the game slowed down a few minutes later while breaking some barrels in the hull of the ship. I have thus far been unable to get to the first save point without the game slowing down to an unplayable 1 frame per 30 seconds or worse level of performance. On top of that, whenever I even touch the K&M my controller disconnects and will not reconnect while the game is running.

Here is the DXdiag and Player.Log and Player-prev.log and DataStore Folder

https://drive.google.com/drive/folders/1R4xfvaBks0gHSCk9KHiV-jV7UUtAxinJ?usp=sharing

CPU: AMD Ryzen 7 5800X3D

GPU: AMD Radeon RX 7900 xt

RAM: 32 gb

You can see in the corner it says 1fps. It was 200 prior to opening the chest

edit: tried a fresh DL ang getting the same problems. Task manager isn’t shopwing anything particularly egregious either.