Procedural / Custom Mesh Components will not render in Custom Depth

A Custom Mesh Component or Procedural Mesh Component will not render in Custom Depth even though set to Render in Custom Depth is set to true.

Also reproduced in Main Promotable-CL-2605107

Blueprint Setup:
[Image Removed]

1. Open QAGame Editor
2. Create a Blueprint Actor
3. Recreate the Blueprint as pictured in the attached image
4. Compile and Save BP
5. Add BP to the Level
6. Change the Lit mode to BUffer Visualization : Custom Depth

RESULTS: Mesh is not rendered in Custom Depth

EXPECTED: Mesh is rendered in Custom Depth