The machine is brand new. I’m comparing it to the camera alignment — the preview overlay looks perfectly positioned, but the engraving consistently shifts about 1–2 cm down or up on the Y-axis.
So you have finished the camera calibration process?
Have you adjusted for the height of the material? Because the camera sees it at a different spot than it was calibrated at if it’s closer to it because of the parallax effect, have you entered that Z-value to compensate for that?