Minecraft RTX Beta - Temples and Totems Shader Errors?

I had created a Totems and Temples RTX World, I had loaded others previously with only invisible blocks/Missing textures occasionally however, after creating this world it was about 1 Minute into gameplay that I would increase the Maximum Chunk render distance from 0/4 to 1/4 (Which I had done with all the other worlds with RTX with nothing like this happening), when all of a sudden this pink colour started to run through the screen. It would sort of clear up when I would turn the character but it would just come back. I ran around for a little while (Whilst recording) to see what would happen in different areas and things went a even weirder after going into the water and coming back out. Admin, Please email me if you require the video.