HLOD is Offset when "Use Max LOD As Imposter" Is Enabled

HLOD is Offset when "Use Max LOD As Imposter" Is Enabled

Found in 4.23 CL# 8386587, 4.24 CL# 8569829

1. Open attached project
2. Open the level "TestMap3"
3. Play in Editor
4. Move away from the mesh

Results:
The HLOD is offset from the meshes original position

Expected:

HLOD would work normally