A playtester for no signal mentioned some kind of z-fighting issue in the center, and it reminded me of an issue I looked into before related to decals (see 20240618194223). However, upon re-reading the issue, I see a better workaround:

Calinou:

This only seems to occur with non-uniform scaling […]

Sure enough, changing the decal to use uniform scaling fixes the issue, even for decals with non-uniform size