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F1 2020 RTX 3080 Settings for 1440p

F1 2020 The Game (Codemasters)
I just got my RTX 3080 and tried F1 2020. I seem to be getting really poor 1% lows on frame rate.

My monitor is set to 144Hz and I'm trying to use G Sync as my monitor is G Sync compatible. My frame rate average is around 144 but the 1% low is coming out at roughly 30fps. I'm getting various hitches in frame rate at different points. I'm testing on Austria track.

MSI Afterburner shows erratic frame times.

Any pointers?