Setting Simulate Physics on a Non-Root Component in a Replicated Actor Causing Offset on Client

Setting Simulate Physics on a non-root component in a replicated actor is causing the static mesh component to be offset on the client.

1. Download and open this [Link Removed].
2. Play in New Window with 2 Players
3. Turn around 180 degrees to see the example of this (the actor behind the text render on the ground).

Result: The client shows an offset on the static mesh component.

Expected: The static mesh component would be in the same place as it is on the server.