Running a VR template project with -nohmd causes the packaged game to crash on launch. Running with just -vr doesn't result in a crash.
Tested in //UE4/Release-4.25 @ CL 14469661 and did not encounter a crash with -nohmd, so marking as a Regression
The package crashes on launch
The package would open without crashing
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-111350 in the post.