Ray Traced Translucency Option Doesn't Work in Post Process Volume.
Found in 4.23 Preview 6 CL# 7848402, and 4.24 CL# 8074192
Working as expected in 4.22 CL# 7053642
This is a regression.
Results:
Translucency will remain as Raster
Expected:
Ray Traced Translucency would be enabled
Note:
The CVar r.RayTracing.Translucency will still enable or disable RT Translucency properly
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-79059 in the post.