Premiere 24.6.1 but have been experiencing this behavior since probably version 23
Mac OS Sonoma 14.3.1
It's been a few versions since I've had this issue. I think normally most people don't use this shortcut but I find it crucial for moving fast and efficiently when playing back stuff on my timeline. I have "move playhead to cursor" set to Z. It's cool because my mouse now works as a magnet for the playhead. I use it to set my mouse in an area I wish to start playback from and immediately hit "Z" and spacebar to playback. The problem is that sometimes when I press "Z" it doesn't actually land where my mouse is. It's close but not exact which is the behavior that is usually expected. Problem usually arises from being zoomed into the timeline at a certain level as well as when the view changes once the playhead passes the far right side of the timeline that is outside of the current zoom level. I'm forced to constantly adjust my zoom level in order to get it to behave as it did previously. That messes up how I prefer viewing the timeline in that given moment while I'm editing.