I'm not sure what the issue is, however, when you use the bow, try this out. Stand still, aim down sights, hold the fire button (don't shoot the bow), then double/ triple jump. I've noticed that when I do this, my screen gets blocked by what appears to be my cape. I've noticed that this issue only happens when I'm either standing still, ads, hold fire, then jump (any direction).
If you do the same steps, but this time, you start walking (any direction), ads, hold fire, then jump, the screen is not blocked. Only when you stand still.
Finally, the only exception to that previous rule is moving left. Walking/ jumping left while ads and holding fire will block the view.
I've tried different combinations of armor but they all seem to be affected. A friend also has this issue. Video shared will give a visual of the issue that I'm experiencing.
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Piwit's right, I think it's the shoulder protrusions on those gauntlets. I'm having the same issue using those with bows.