That's weird. Here's my screenshot of the relevant scene with v0.11.1
I was hovering the magazine clicking on which you unlock the special render, and as you can see there's not the black arrow overlay that you have in your screenshot and that was the element causing the issue on v0.11
View attachment 5067298
View attachment 5067305
Something must have gone bad while overwriting the original script.
Since you have Scrappy Mod installed... my guess is that you might have installed the Scrappy Mod for v0.11 on a v0.11.1 game... causing the script that you previously updated to v0.11.1 to be downgraded to the previous release.
Either that or Scrappy fucked up the release of his mod for v0.11.1
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Try with an UNMODDED v0.11.1 and you should not experience the issue.