It has always been see nothing or a bounding box as you are placing an object (Work Environment settings as you mentioned) as far as I know.
Before you place the object look it the settings dialogue and look at the 2D preview.
There you can choose the anchor point (the little crosses at selected nodes) and you can rotate as you want before you place the object.
Barry.
One of the forum moderators.
Versions 6.5 to 27
i7-10700 @ 2.9Ghz, 32GB ram, GeForce RTX 2060 (6GB), Windows 10
Lenovo Thinkpad - i7-1270P 2.20 GHz, 32GB RAM, Nvidia T550, Windows 11