ID 524806 - Hanging in specific scene files when rendering animated items that have Mesh Operations attached

Problem summary
Hanging in specific scene files when rendering animated items that have Mesh Operations attached.
 
Customer reported version
modo.16.0v3
 
Customer reported platform
mac.12
 
Steps to reproduce
 
1) Download and open the attached scene file.

2) Press F9 or go to Render > Render.

3) Notice that the scene hangs or doesn't render. If it doesn't hang initially, click Abort and then notice that Modo hangs.
 
Expected behaviour
Modo should render the scene without issue.
 
Actual behaviour
Modo hangs/freezes when rendering the scene file.
 
Workaround
Freezing the mesh item that contains the Mesh Operations gets the scene file to render as expected.
 
Reproduced by support
 
This bug has been reproduced in:
16.0v3 - Windows 10, macOS 11.7 (Big Sur)
14.0v1 - Windows 10, macOS 11.7 (Big Sur)
 
Earliest version tested
14.0v1 - This issue appears to be in all tested versions of the product.