AMD Hardware Encoding is Broken in versions >= 7.1

[TanMan]

Using HEVC_AMF encoder on Ryzen 5700G on versions >= 7.1 results in huge files:
How to reproduce:

% ffmpeg -i input -c:v hevc_amf -quality 5 output
ffmpeg version 7.1
also tested with version 2024-11-06-git-4047b887fc-full_build-www.gyan.dev
running on Windows 11 23H2 22631.4391

Output under >= 7.1 generates this error:
[hevc_amf @ 000002ef6f027500] rate control mode is PEAK_CONSTRAINED_VBR but rc_max_rate is not set
I am unable to find anywhere to set this rc_max_rate, and the resulting file has a much higher bitrate than the original x264 source and is huge.
This worked fine in previous versions (through 7.01) and resulted in very good quality 1080p video at 2kbps and encoded files very fast (6x to 12x).
The libx265 encoder still works fine in >= 7.1. The resulting 1080p files run about 1.5kbps and look fine, but it takes 3 to 6 times longer (2x to 3x).