Powered Conduit doesn't render when viewed at some angles from outside of water on Fast or Fancy graphics

The Bug
When outside of water and looking at a powered conduit on fast and fancy graphics the conduit does not render at certain angles.

Reproduction Steps

• Make a powered conduit (I've only tested it with full powered)
• Hover above the water
• Move mouse around
  Certain angles the conduit will not render

Note
It does fix itself on fabulous graphics