Here is the patch note, it looks like we don't get the option to downgrade graphics api if your system is DX12 capable.
This just means that if there is no pre-existing config, DX12 will be the default choise. After moving my config files to work with the new folder structure, I booted up my games and they all went to DX11 since the virtualized config.wtf files had it set for those characters.
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