"Here's my system specs:GTX1080 FE (8GB) . . . " 8 GB of VRAM will be an issue if you are running add-on aircraft and airports. It will run usually but it will look choppy and have a low frame rate. You should have at least 16GB VRAM in my opinion. When I run P3DV4.4 I have seen my VRAM usage in cites (like Miami and New York) spike to 12 GB. With addon airports in Miami I have seen it use 20GB of VRAM! When I had my 10 GB card it would often look like I was only using 7 or 8 GB. This is due to the way the card manages VRAM.
If you are using OBIX that will run up your VRAM usage as well. ORBIX also requires some bus bandwidth for fast transfer of information from drive storage to memory. The game will hang if it is loading scenery too slowly. If you are running OBIX you might uninstall it and see if the frame rates go up and the experience smooths out some.
P3D is a balance game where settings are concerned. You have start up with the base configuration and layer on. You also have to watch how much add-on scenery you attempt to run. Density of buildings and traffic can have a big effect on your Frame Rates. Also the type of Anti-aliasing you use can have an effect on the frame rates. Number of trees and tree add-ons (like ORBIX) can have an effect on FPS as well. I remember landing in Maui and having the sim slow down to 4 FPS and it turned out to be tree density giving me the head ache.
I hope this helps.