Also, from 4.23 onwards, if you move the mesh back and forth, the order of the  translucent sort will be switched.

Steps to Reproduce

Open the attached file test.umap.

The translucent look is different when opened in 4.22 and when opened after 4.23

Have Comments or More Details?

There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-92453 in the post.

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Won't Fix
ComponentUE - Graphics Features
Affects Versions4.234.244.25
CreatedApr 24, 2020
ResolvedAug 31, 2021
UpdatedSep 19, 2021