Taking a closer look at your screenshot seems like you're missing some effects like DoF, you game seems "cleaner", do you have everything maxed out? I do, I have the game locked at 30 FPS also, haven't tweaked or changed a thing.
I switched motion blur off in the INI. It seems to dramatically reduce DoF too. Lots of weirdness going on. I'm just going to set everything back to default. If anyone can share the default BmEngine and BmSystemSettings files, I'll be grateful