I've found a bit of a workaround if VLC is crashing, which seems to fix the problem for me.

1. Open VLC, and open the stream as usual

2. Let the stream load - it'll load in lower quality first

3. Before it automatically transitions to the higher quality stream, go to Video --> Video Track --> Disable. The video will now be disabled.

4. Wait for a bit. Go to Video --> Video Track --> Track 1. The video will now be streamed in its highest quality mode without crashing.

This worked for me, hope it works for others!