SO, I think I have a solution. And everyone is NOT going to like it. Turn off Dolby Vision 60Hz in your Apple TV menu.
I did this and set it to 4K HDR 60Hz and haven't had a drop out once. You can also set it to 4K SDR.
Also, it doesn't appear to be the "HDMI HD Deep Color" setting on out LG OLED sets, as you still need to have that setting turned on to get 4K HDR at 60Hz OR Dolby Vision. Seems to be the Apple TV 4K "Dolby Vision" setting. (unsurprisingly).
I know this kind of almost negates even have a ATV4K, but at least we can still; get 4K resolution even if its not dolby vision. I'll leave it on HDR in the mean Tim until Apple maybe LG (?) ( I dont think it is an LG issue though) figures this out. Give it a try and report back.