The new Export As gives bad results for PNG (8-bit) when reducing the color palette. This is most visible in gradients. Tested on Photoshop v23.0.0 on Windows 10.
Workaround: Enable Legacy Export As in Preferences.
Steps to reproduce problem:
- Create a new image
- Make a gradient using the Blue_24 preset (or similar, but that's the one I used).
- File > Export > Export As...
- Choose PNG, and "Smaller File (8-bit)"
- Result: You get a few lines through the gradient that are too bright or dark. Not good.
- Result if using Legacy Export As (or Save for Web): A smooth-looking gradient as expected.
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Full resolution/lossless screenshots attached to this post.