React-native with Flipper react-devtools-inline causes createElement failure

[devYonz]

🐛 Bug Report

If Highlight component updates check box in Flipper is checked (Flipper-> React DevTools settings) a reactDOM createElement call makes flipper and the connect app start outputting the failure:
ERROR TypeError: Cannot read property 'createElement' of undefined, js engine: hermes

Unchecking the checkbox resolves this error. Command line launch of react-devtools doesn't have the same checkbox or error.

The issue happens in the current Flipper with bundled react-devtools 4.24 and also happens after forcing to use globally installed 4.26

To Reproduce

npx react-native init
brew install Flipper
npm i -g react-devtools
npm i -g react-devtools-inline
run Flipper and connect to bare app.

Environment

RN: 0.70.1
Flipper: 0.166.0
React DevTools: 4.24, 4.26
Tested on android and iso emulators.
Desktop: Mac OSX Monterey v12.6

Feel free to link: #4046

Stackoverflow searches for createElement errors are flooded with #4046 items but in this context, the issue has to deal with the devToold doing react web things when connected to a react-native-app. Flagged in: https://stackoverflow.com/questions/73564919/react-native-flipper-react-devtools-not-working/73565093 as well

Relevant other issues that may confound this issue: #3722
#3284

credit: @touchmarine for the solve.