@Matthiman Your issue appears similar to an issue that’s being described here:
https://forums.fogproject.org/topic/18213/version-1-6-0-beta-3187-ipxe-2-0-0-x-problems
Though they seem to indicate changing to an older bootfile (snponly.efi/ipxe.efi whatever) worked so it’s not a kernel/init issue that’s happening causing this to occur.
This may be what’s happening with everyone in this thread as well, but the first image that I see from Fog_Newb looks more like what I’d expect where there’s not enough ram available to load.