Here's some more comparisons:
Gameplay with UI on screen (very playable in most scenarios, excluding some UI elements like the map. This is how I play ffxiv)
Armor glare gif (this can be turned off if it feels like it's too much, but I only really see it in fights with big FX flashes and it looks great. I had to find a good angle to get it to flicker this profusely)
The downside and reason for having a key to toggle the effects
off / on
If anyone wants my settings or anything just let me know, but to be honest I don't know how to share my presets so you would have to guide me there.