Camera Auto exposure in the static mesh editor bleaches everything out when the environment is turned off

The viewports camera Auto exposure in the static mesh editor bleaches everything out when the environment is turned off.

It seems that this is stopping you from being able to access the "old" static mesh editor view where the background is grey.

Note: This doesn't occur if the camera is focused on the static mesh and is close to it.

1. Compile and open the editor
2. Open a static mesh to access the static mesh editor
3. Turn off the Environment and the floor in the details panel
4. Move the camera away from the object

Result
Auto exposure in the scene begins to increase the scenes brightness misrepresenting the object being viewed