Update: My replacement t-con board arrived today, but unfortunately it didn't fix my issue (same fault as before using HDMI).
Seems like I misdiagnosed my TV here as other analog video inputs aren't looking as bad as HDMI (I only checked HDMI cause that's what I have readily available as a signal source).
Lesson learned for me: Don't jump to conclusions and also test other signal sources as well.
I guess this is where I call it quits with trying to fix this TV here.

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