WhatIsTheTruth: The Ultra setting is always available.
It is explicitly stated that choosing the Ultra setting will make a difference only IF you have the HD content pack installed.
Now the problem I have is that I cannot get rid of the HD contetnt pack in order to save SSD storage space.
iqfinal: Sorry, I was misinformed. I double-checked the Steam version and you're right.
And the install without the HD Content Pack was 42 GB on Steam, so I guess that confirms it since this install is 54 GB.
No worries. :)
I run the game on a RX5700XT with 8GBs of VRAM and can confirm, for anyone still doubting it, that when switching form High to Ultra textures, VRAM usage goes from approximately 4GBs to approximately 7GBS.
So the HD content pack is definititely included, as part of the base installation.
Will post screenshots when possible, even though to me, the visual differences are too imperceptible to notice on a standard size FHD monitor.
There certainly are extra details, but I would have to go looking for them in order to notice the difference.
Cheers.