SNMPv3 and Cisco UCS FI, can discover but not monitor, other weirdness

What i not see from your other posts - is this a RAW edition or enterprise?
If you use the enterprise i would test to switch the SNMP backend for this one host to the classic one. I had already some devices that had problems with the Python backend and where working without problem with the classic one. This was especially with SNMPv3 the case.