I was able to get mine working again.
I followed the instructions here:
https://support.displaylink.com/know...at-all-when-co
When I first brought up the system report, my docking station was just showing up as a USB Hub.
After disconnecting ALL cables from the docking station including power... AND disconnecting the USB-C from the laptop, I plugged just power back into the docking station.
This time, when I plugged the USB-C back into the laptop, it recognized the device as a 5k Graphic Docking station AND a USB Hub.
I was then able to plug each peripheral into the docking station one at a time and they were picked up appropriately.
I did test unplugging the USB-C from the laptop and plugging it back in and it appears to still be working. I'll report back if something happens it the external displays and ethernet on the docking station stop working again.