Well I returned mine (with a 5700 XT) and ordered a new one with the 5700. I haven’t seen the white line (yet at least) but I have seen a flickering of the FaceTime upper right corner. But once only and never after that. Oh well... my best guess is : software problem for all 5xxx graphics cards PLUS a hardware/driver-specific bug for the XT version of the graphics card.
I am fairly confident that the flickering corner is a software problem, probably in the window manager. I am fairly confident that it will be addressed since it seems simple enough to reproduce. I am less confident about the white line issue.
I think there is a good chance other Navi equipped iMacs have similar issues if these are indeed software issues.
My new 5700XT arrived today so I should get a chance to experience the fun tomorrow.