Nanite mesh socketed to a Skeletal Mesh is not affected by the 'Owner No See' or 'Only Owner See'

Nanite mesh socketed to a Skeletal Mesh is not affected by the 'Owner No See' or 'Only Owner See'. Compared this against a regular Static Mesh.

1. Create a new Third Person template project
2. In the Content Browser search for SM_ChamferCube
3. Right-Click the Static Mesh then select Nanite > Enable
4. Open BP_ThirdPersonCharacter
5. Add a Static Mesh component parented to the Mesh
6. Set the Static Mesh to the SM_ChamferCube
7. Set the Static Mesh Socket to some socket of the mesh like Pelvis
8. Set Only Owner See to true
9. Place BP_ThirdPersonCharacter into the level
10. Play in Editor

Expected Results:
The Cube is visible on the player owned character but not on the BP_ThirdPersonCharacter that was placed in the level.

Actual Results:
The Cube is visible on both.