I have encountered a significant drop in FPS with the 0.54 release, I originally suspected that it was a potential SLI microstutter introduced with this patch but have eliminated that possibility by disabling my second GPU.
I have reset all graphics settings, removed all command line switches, reduced draw distance and visual settings well below what was used in 0.53. I have tried both the latest 0.54 release as well as 0.55 dev build with the same results, vsync enabled and disabled.
Tried NVIDIA Driver versions:
314.07
314.14
314.22 (Latest)