The Bug:
Z-fighting occurs on the text of hanging signs.
Steps to Reproduce:
Place down a hanging sign and write some text on it.
Obtain a spyglass and travel around fifty blocks away from the hanging sign.
Use the spyglass to look at the text on the hanging sign.
Take note as to whether or not z-fighting occurs on the text of hanging signs.
Observed Behavior:
Z-fighting is present.
Expected Behavior:
No z-fighting would occur.
Can confirm. Seems to become noticeable at a distance of about 16 blocks.