In the latest patch 1.07.152957 (20.02.2020), item placement seemed to have been changed in some way. When placing an item, the item is placed in where ever the animation ends on the ground, and does not respect the hologram. This goes for vanilla and modded objects.

In modding, we used a temporary solution which involves creating a new item at the hologram placement, transferring all the properties of the old item to the new, then deleting the old item to prevent duplication. This is a solution that is quite unnecessary and typically overcomplicates things.