@KurtH , this week I had some image alignment issues that I investigated and solved, and it led me back to a mistake (or a 'variation in the workflow') that I had made early in the process.
Our normal turntable photogrammetry workflow is to use Canon CR2 or CR3 raw files in the capture process, then add data in Adobe Bridge and process the images to DNG and full-resolution (but sometimes cropped) JPEGs in Adobe Camera Raw.
We use lightly-compressed JPEGs in our process because we used to transfer Metashape projects over our networks and the JPEGs are about a third as big as the equivalent TIFFs. I don't think it makes Metashape processing any faster.
With our turntable photogrammetry process, I often crop the source images before I put them into a Metashape project, because there are a lot of unused pixels in the source images - but that's not the way CHI teaches, so don't do that. (But let me know if you want to see a thread about that, because I want to talk to Carla about it some more.)
I have a Metashape project that's the lid of a shiny silver censer. I had good alignment and mesh-building in Metashape but of course I want the improved color, specularity, and normal maps from Kintsugi 3D Builder.
When I ran the model through the Kintsugi 3D Builder process the images didn't align properly, and it looks like the offset that you've noted in your photos here. I could see the misalignment in both in the early Kintsugi workflow and in the built textures.
Looking back at the whole Metashape project I realized I had mistakenly used the DNGs as the source images and not the cropped JPEGs. I could see in the image information in Metashape that Metashape doesn't see the crop that you've put on the DNG - and I've since learned from Carla that Metashape also doesn't use the color balance or any other adjustments that you might make to a DNG in Camera Raw - it just loads the TIFF that's stored in the DNG (and I assume that TIFF is like the quick preview JPEG that a camera makes right when it takes a photo).
When I asked Kintsugi 3D Builder to make textures, it used the cropped JPEGs, and the images didn't align. But I went back and made new uncropped JPEGs with the same filenames and used those, and now everything has aligned well.
I don't know if that's the issue you're having with the model you show here, but maybe there's something like that going on.
Let us know if any of this helps --