Recently I set my AMD Evolved application to optimize DB for performance and it kept some settings on with other off etc and the game looks great still when not on ultra settings, and with these optimized settings, when Phantom is cloaked, he is no longer a high quality small transparent shadow, he instead becomes a glob of squares and 8-bit texture when it is activated, I’ve noticed this twice in one game, and it makes him easily spotted at medium range. (I’m not sure if the game was bugged for me that game but here are 2 screenshots of the settings so that someone can test it out themselves and give feedback.)
As well my PC specs ~
XFX AMD Radeon R9 270X Superclocked
AMD FX-4300 Quad-Core 3.8GHz
8GB RAM
Win 7 HP 64-bit