
A performance-crushing bug in Monster Hunter Wilds appears to vanish once all of the game's DLC is purchased and added to the game. Redditor de_Tylmarande highlighted this strange issue with the game, where DLC-rich folks can enjoy double the FPS compared to base game owners, and has been in touch with Capcom developer contacts.
Coincidentally, Capcom has just announced a performance patch is coming to the game, designed to reduce PC Steam “processing load.” The OP’s investigations pointed to aggressive background DLC ownership checks being the central performance issue.