I tried reproducing this on my Mac (T3 Code Beta 0.1.1, Electron 44.4.5) by scrolling the ACP Registry list and the command palette, and couldn't see the flicker.
What are your display settings? Which display, its refresh rate, and whether it's ProMotion or an external monitor.
Since screen recording hides it, could you film it with your phone? Even a short clip would help a lot.