Hello,
I have exactly the same issue, using Quest 2 on a crowded multiplayer server, all going well until I'm hit by an horrendous performance drop with tearing all over the place. It's infuriating!!
I also noticed the existence of a 'shaded area' on the bottom of each eye, sometimes only on one, after the fps drop hits. After alt+tabbing (and doing all the things to bring the performance back up) these shaded areas annoyingly persist. They occupy the bottom ~10-15% of each eye and they drive me nuts!
So far I've done two things that seem the delay/prevent the occurrence of these fps drops:
Turn off the Guardian on Quest 2 as apparently it takes a bit of CPU power, and CPU power is precious. It's not as straight forward to do it though...
Turn off TacView, which would otherwise be recording thousands of parameters of all the objects in the server. It's a shame cause I really like TacView.
My system is a 9900K + 3080FE + 32GB @3600 + nVME.
If anyone has any other suggestion please shout.
thanks