I have emailed Larian and they said the PS4 2nd Gen controllers came out 6 months after the game was released. They also said a patch at this stage is unlikely. If anyone else is having this problem the game is playable with the above setup, but if you can get xbox controllers youll have a better time since you wont have to keep fiddling and then keep the controllers awake so they dont turn off and reconnect and screw everything up.
Good luck and happy gaming!
