After having the time to run through a full troubleshooting sweep from beginning to end on the "best" cables I have, I ended up at the same exact behavior as before. I launched a Steam game called 30xx for the first time, and--out of curiosity--tried bumping the resolution up to max 4096x2160. And it WORKED, although it did switch to 60Hz. Verified with LG CX that it was detecting 4096x2160 at 60Hz. I launch an old game like Dying Light and try the same thing, it drops the resolution down to 1024x768.
This is a SOFTWARE issue [probably].
This is either a nVidia driver issue or a Windows issue.
Not my @#$*& cables, not the @#$*& 3080Ti, and not the @#$*& CX. Edit: wishful thinking
Also switched back to my Monoprice optical cable, because light isn't affected by EMI.
Note:
nVidia rolled back the latest available driver for some reason (471.96 to 471.68) between the last couple days. I'm running 471.68 now.
Edit: 471.96 is showing up again. I'm a little concerned that just yesterday going through the same navigation on the site brought up a different driver..but it hasn't made a difference either way. Update: Playing Valheim on Vulkan drivers was not successful, but switching to a higher resolution saved the resolution in-game (4096x2160), and the LG CX verified that the resolution still remained at 2560x1440 @120Hz. 20xx yields the same result as 30xx (same developer, perhaps same engine), with full resolution at 60Hz capability. Haven't been able to find a way to test 120Hz yet. Edit: Explained by latest discovery that Windows Display Properties now allows switch to higher resolutions at the same color settings, though locked to 60Hz.