Was able to reproduce with an RTX 4070 TI. I found that turning off the smooth motion setting within the NVIDIA app was the solution. Prior the game would crash before the opening screens finished, occasionally giving the D3d initialization error. On Enhanced frame gen also messes with Rage Hook by not allowing the console to open when pressing F4.
I had the exact same issue. Right click on the RPH.exe and select properties->compatibility and check the select program for restart box. Then click apply and try to laucht the RPH.exe. This fixed it for me.