I have the same issue with 11.0.40 and macOS Catalina 10.15.7. It is zoomed out. Hope they will address it soon. I’m thinking we might get one more update before 11.5.
EDIT: I went back and 11.0.10 centers the audio. In 11.0.40 it is zoomed out and not on the screen, however, I was able to get it to get back in the center. As someone said above, you can always use as a plug-in and it works that way. In Pro Tools you need to do the transfer too. It works that way.