There has been no change to object editing in the several last weeks, so if it affects the latest releases it should affect older releases as well...
This is all Chinese to me... What do you mean by "place it at exactly 128.0, 128.0, 22.0 (as an example zero'd location) and that same object has a rotation of 0,0,0 (so it is not rotated or angled)" ??????
Please, provide a step by step reproduction procedure.
This is in no way a bug. Simply uncheck the "Limit Select Distance" (or adjust the distance to your liking) in the Preferences floater, "Input & camera" tab, "Input controls" sub-tab.