ID 541247 - Incorrect render results for Preview render when using Schematic

Problem summary
Incorrect render results for the Preview render when using Schematic.
 
Customer reported version
Modo 16.1v2
 
Customer reported platform
Windows 10
 
Steps to reproduce
1) Download attached file and open it in Modo.

2) Navigate to Layout > Layouts > Setup.

3) Then under Layouts, go to Palettes > Preview.
 
4) Press the play button icon and observe the render results.
 
Expected behavior
The Preview results should have the same proportions as the Render results.

 
Actual behavior
The rendered mesh is stretched and misshapen in the Preview render. 

 
Workaround
Unknown.
 
Reproduced by Support in:
Modo 16.1v3 - Windows 11, macOS 11.7 Big Sur
Modo 14.0v1 - Windows 11, macOS 11.7 Big Sur
 
Earliest version tested
Modo 14.0v1 - This issue appears to be in all tested versions of the product.