Using older versions of Outlook for Mac for personal email and calendar
Hi AussieFlem,
From your description, the issue only happens when Outlook for Mac client is opened. While from my test in the lab, I cannot reproduce this issue with the same Outlook client version and Mac OS version. So as you mentioned, the issue could be a hardware issue and running Outlook client could be a trigger.
Of course, you can try to download Outlook Reset Preference tool to reset the customization in Outlook > Preference and check if it helps. Meanwhile, it's a good idea to update to Office Insider version to verify if the issue still happens in version 16.20. If so, it would be better to change your iMac.
Regards,
Marvin