My apologies, I was on my way out of the door at the time and I just noticed how vague my Post was.
Yes it is playing from a HTPC, MC19 & Red October HQ.
Radeon HD7750 > Audiolab 8000AP Processor > Panasonic TX-P55VT65B
Aero was already disabled but for the purpose of ruling absolutely everything out today I turned it back on and it actually lessened the tearing to the point where it comes and go's and is barely visible when present.
Disabling Aero re-introduces the problem in full effect again however, Aero has always been disabled on this box and this randomly started yesterday.
I am going to pop in a GTX650Ti today that I have available and if that fixes it I will get another HD7750 to try. The current card is a passive model and needs to stay as such, luckily it is still under warranty so (hopefully) can be easily swapped if it turns out to be a hardware issue