I thoroughly investigated which graphics settings had a significant impact on performance, and when I completely disabled reflections, it noticeably increased the FPS.
Which is strange, because during the testing phase of this graphics update, I did have reflections enabled, so I’m sure something has changed for the worse in the game’s performance regarding this.
Minecraft bedrock PS5 fps drop
https://youtu.be/YQ1rEuASOKA
as you can see the reflection even on LOW makes the fps drops.