I posted this issue earlier and it got merged by an Adobe mod into a topic that was not the same issue that I'm experiencing, so I'm asking that this not be merged again (unless the specific issue is really out there, but I haven't seen it upon conducting numerous searches), and then I'm going to give more of the granular specifics here, as well.
I'm in Premiere Pro 25.2.3.
running OSX Sonoma 14.4.1
on a 2023 M2 Ultra Mac Studio w/64GB Memory
Here's a screenshot of my sequence settings:

And the issue is that there is a significant degradation in the quality of still images that I am using in the timeline, when comparing what I see in the Program window (or in fullscreen mode) during normal playback vs what the image looks like in the final video clip upon export. Attached are the expected, better image (a screenshot of the Prorgam window in Premiere), and a frame of the exported, degraded image (from my h264 output).


This is not the first time I have encountered this problem in the Premiere ecosystem, however in past versions, it was fixable by either changing the "Bitrate Encoding" setting to VBR 1-pass (instead of 2 pass) or rendering the timeline and selecting "Use Previews" in the export settings.
I've now run a battery of export tests and tried all of the flavors of Bitrate Encoding with and without Use Previews turned on, post rendering, and it's not working to address the issue. Sending to Media Encoder is also not working.
Any guidance/patch would be appreciated. Thank you!