Footage is blurry after downscaling from 4K despite Playback Resolution being on full
Just shot an interview in 4K UHD on a Ninja V with the DNxHR HQX codec. Ingested into Premiere at that resolution and played back with no problems. However, I want to downscale to 1080p since that resolution is not necessary for delivery (just for the edit). Whenever I do though, the footage plays back and exports blurrily, despite the playback resolution being set to full.
The sequence is set to 1080p and I select "Set to frame size" for each clip. The renderer is set to Mercury Playback Enginge GPU Acceleration (CUDA). The crispness and clarity I want is there whenever I pause, and yet whenever I play the footage back, large swaths of the image blur (not enormously, but just enough to notice and to look off when playing back and upon export).
Editing on the latest version of Premiere Pro 2021 (V15.2).
HP Z8 G4 Workstation
Intel(R) Xeon(R) Platinum 8180
32 GB RAM
NVIDIA Quadro P6000