ID 548108 - Animated Item Visibility not working as expected in Record OpenGL to Movie

Problem summary
Animated Item Visibility not working as expected in Record OpenGL to Movie.
 
Customer reported version
Modo 16.1v6
 
Customer reported platform
macOS 13 Ventura
 
Steps to reproduce
1) Download the attached .lxo and video files and open the .lxo in Modo.

2) Scrub through the timeline in Modo and compare it to the downloaded videos.
 
Expected behavior
The Record OpenGL to Movie file should appear the same as the animation in Modo.
 
Actual behavior
The Record OpenGL to Movie file does not appear the same as the animation in Modo.
 
Workaround
Unknown.
 
Reproduced by Support in:
Modo 16.1v7 - Windows 11, macOS 11.7 Big Sur
Modo 15.0v1 - Windows 11, macOS 11.7 Big Sur
 
Earliest version tested
Modo 15.0v1 - This issue appears to be in all tested versions of the product.