Editor is non-responsive and flickers when multiple Water System instances are enabled

Reproduction steps:
1. Open the attached “KWS Mac Bug“ project
2. Open the “Assets/Demo“ Scene
3. In the Hierarchy window, select the disabled “Water System“ GameObject
4. In the Inspector window, enable the GameObject

Expected result: The Editor continues to work fine
Actual result: The Editor freezes or flickers and nothing can be pressed

Reproducible with: 2022.3.58f1, 6000.0.39f1, 6000.1.0b7, 6000.2.0a4

Reproducible on: macOS Sequoia 15.3 (M1 Max)
Not reproducible on: Windows 11