Plex for LG (LG 43UK6200PUA) Won't Play Higher Than 720p

Do you have the LG setting for manual server as your Server LAN IP and port 32400.

In the server setting / network/ secure connections preferrred

Also in the LG settings under Main scroll to the bottom

Allow fallback to Insecure Connections Always

Prefer Insecure Connections on same Network as server

The current versions can be found in Announcements.