first :

lightning bolt and firework both make clouds invisible

and only lightning bolt make water invisible

i am not sure but when i tried i still could see water behind fireworks

as you can see in the screenshots when lightning hit the ground it make water behind it invisble

the same goes for firewroks that make clouds invisible to see

notes : 

• i don't have mods downloaded
• no optifine
• no other add_on or texterpacks 
• they don't effect lava i tried both of them but i still could see lava
• 1.17 - 1.17.1 pre-1 both have the same bug
• if the fireworks screenshots are't clear i can try to make better ones