Severe Frame Drops and Stuttering on Minecraft Bedrock PS5 Live Graphics

I'm experiencing severe FPS drops and stuttering while playing Minecraft Bedrock Edition on my PS5 Slim with the Live Graphics enabled. The problem occurs even when all available graphics settings are set to low or performance mode. The recent 1.26.50 update didn't bring any changes to the optimization, and this needs to be improved for a smoother experience.