Components attached to Camera doesn't receive late updates and "wobble"

Launch attached repro project and Play in VR

OR

1. Create a new blank project
2. Create a new Pawn blueprint
3. Add a camera component
4. Add a static mesh component as a child of the camera component, and place it in front of the camera so that it can be seen
5. Play in VR

Expected: The static mesh follows the movement of the camera component 1:1

Results: The static mesh moves with the camera component but it's delayed and seems to "wobble"

If the VR template is used instead of a Blank project - the issue isn't present. However, if the VR Spectator Camera Blueprint that's in the VR Template Scene is removed, the issue becomes immediately apparent.

Note: Make sure that the project is running at the max framerate of the device that's being used to test.