Xcode 16.3 / 16.4 UINavigationBar rendering issue?

I've recently upgraded to Sequoia and Xcode 16.3 (now 16.4RC) and a significant change I've noticed vs 16.2 is that the height of UINavigationBar components in storyboards and XIBs is incorrect.

Xcode 16.2:

Xcode 16.4:

This only affects simulated metrics in storyboard / XIB files. I have been unable to find any discussion of this issue anywhere online.

Is this actually an Xcode bug that has gone unnoticed / unfixed or is there some underlying intentional change here that I'm unaware of?

Xcode 16.3 / 16.4 UINavigationBar rendering issue?
 
 
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