Visual glitches: I have that and more!...
4096x2160@ 60Hz SST is now official / supported: great!? No!
With yosemite 10.10.2 it was working fine at 50Hz, now with 10.10.3, 60 Hz is forced: the result is visual glitches and (more annoying) everything turning to black most of the time!
With alt+scaled+show lower resolution: 50Hz could be selected (when the screen is not black! ;-) but only for max resolution; scaled resolutions are 60Hz only! (why!?)... Also when booting it's in 60Hz: unusable.
I probably either have a bad graphic card (Mac Pro D300), a bad (LG supplied) thunderbolt-display port cable, or a bad monitor unit (bought in Switzerland where power is at 50Hz btw); but it's too bad that we don't have an easy way to throttle down the refresh rate!
'waiting for a new cable, meanwhile I've turned off display-port 1.2 on the monitor itself (so is 1.1): I can use the screen in 3860x2160 (scaled "as" 3008x1692) at 30Hz! without too much mouse lag!
Is there a way to use the EDID?, "driver"? from 10.10.2 instead? I don't want to revert my whole OS to 10.10.2, if it doesn't work with a better cable I'm gonna trash this monitor.