I've got a rift cv1 and tried the patch. I start the game with LFS.exe /rift=on, I've reset the nvidia settings and the game stutters a lot. Oculus does not show dropped frames, but it's not smooth at all.
This is a recording of using the rift (and keeping my head still)
https://www.youtube.com/watch?v=IHNMQNn-bEA
This is a recording of using the rift (and keeping my head still)
https://www.youtube.com/watch?v=IHNMQNn-bEA