Things I've noticed in the SB update on PS5

Raytracing and Fog have been added back in, the game genuinely looks gorgeous

Across the board textures have been improved

On Visual mode, the game doesn't lag or crash as often as it previously did. It feels stable.

Clothing finally appears where it should on the Inventory

Cut audio lines have been added to the game as well as new ones from Freddy.

Magician and Comedy Bot have their unique designs

The Burntrap ending now has 2 endos in the lead in to the FFPS location, making hitting the switches harder and more of a puzzle