Hello,
I am also getting the same errormessage when Building 0.05m Orthomosaic from the Mesh(1.8mill points, 1067 images, 4 good GCP's + 2 checkpoints)
I am also using version 1.2.4 64 bit, build 2399 with all data on a local SSD-disk with plenty of free space.
Images are 24bit JPG, 16Mpix.
Orthomosaic 38720*39140 pixels, blending mode: Mosaic, color correction Enabled.
Some few images are a bit oblique but absolute values pitch is less than 25 degrees.
Creating the Orthomosaic from DEM works, but with VERY bad colors, see attached.