It seems like botania somehow has a problem with erebus and is causing this issue(i dont know how).
(yes i tested it without optifine)
i watched a bit trough your code and i looked at the item models and i have a question the only 3d models i found where the ones from the shields and they don't seem to have a texture dependency so maybe that is the reason .

I used :
Botania (r1.10-353)
Baubles(1.12-1.5.2)
Erebus(1.0.18)

I'm seeing invisible shields as well.

that is what i meant with 3d item models

I'm noticing it's starting to extend to things like the web slinger, as well.

OK, added some gl code to reset the render state to all the custom item models. Botania is not the only mod the Erebus isn't working well with for this issue. Will test the mod in a new instance and see if it is still happening.

Should be fixed in next release \o/

I'm still encountering this.

Still present as of the Third of May in 2018.

#619