It appears the compatibility with Raised 3.1.0 on Forge 1.20.1 ought to be re-calibrated. By default, having both mods installed results in the items on the hotbar being rendered a pixels higher than the hotbar itself. The issue becomes doubly apparent the higher the hotbar is raised.

Oh right, I never published the fix for Forge. Will do so soon.

Related: yurisuika/Raised#75

Pushed a new version, hope this works fine!