After updating to 3.1.0.0.5 I was getting the explorer error so I found and removed the item that was causing the issue (an edge link), purged fences and reinstalled. Now I'm noticing I don't have any context menu entries for fences and have to up the 'Customize Fences' desktop shortcut which is a bit of an eyesore.
Everything else seems to be working normally. I do have Nvidia control panel installed and on the context menu if that matters (might be relevant after digging through other threads). Any help is greatly appreciated.
OS: Windows 10, 64bit 21H1 120.2212.3530
CPU: AMD Ryzen 5 1600
Ram: 16GB