I have Reduced Transparency, Reduce Motion, and Prefer Cross-Fade Transitions, all enabled. You have to have Liquid Glass set to Clear for Reduce Transparency.
I do use the Apple Podcasts app, but YouTube Music and DI.FM Radio apps for music.
I never see any rendering issues / glitches, and the UI is smooth & snappy.
It's NOT possible to turn LG off in iOS 26. It is possible to reduce transparency and motion (i tried with and without enabling those and it's broken anyway).