Same issue here.. latest Dev build. --- I52500k,8gb - GTX 760 4gb,
Changing clouds, shadows causes black screen then "arma 3 stopped working", Changing Textures seemed to work fine for me though.
Only other change since i last playered wsa to install the NVIDIA Beta drivers for BF4 - Nvidia 330.41 drivers.
Havent tried reverting as I want to play bf4.. so hoping its a dev build issue, not a driver issue.
Confirming 111052 build still does it.. Main menu, click clouds, change it (instant black screen) then crash.