Certain Materials do not render on Destructible Meshes in Standalone and Packaged projects

Certain Materials do not render on Destructible Meshes in Standalone and Packaged projects. I'm unsure of the exact cause but disabling "Used with Skeletal Mesh" in the materials Details panel, then Apply and Saving the material will cause the material to render as expected. This only seems to be an issue if a project from 4.16 is upgrade to 4.17 or higher.

1. Open attached test project in 4.17 or higher
2. Play in Standalone Mode or create a Packaged Windows project

Results: The material will not be rendered in Standalone Mode or Packaged project

Expected: For the material to render on Destructible Meshes in all play modes