As noted earlier by PRORACING-SK
Imported image when scaled to NONE shows a scaled image in preview, but exports at right scale.
Example
A profile with resolution of 792x192 is selected where all images are scaled to NONE.
An imported image with dimensions 512x129 is scaled to 792x192
An imported image smaller than 512x129 is scaled smaller than 792x192 incrementally
An image bigger than 512x129 is cropped incrementally. ie An image 792x192 is cropped ALOT.
Some screenshots would help the devs understand this issue better, IMHO, good sir.
Everything can be seen here. This way it works not only in my profile but in all I tried. The distortion is more or less visible in various profiles.

@DylanC - Any thoughts on this? Should this be brought to Mr. Thomas's attention, ASAP?
@ferdnyc - Maybe you have some input regarding this, too?
@N3WWN - Any ideas, good sir?
@peanutbutterandcrackers - Not sure about ASAP but this should be fixed I think.
@DylanC - All right then, I will count on you to bring this to Mr. Thomas's attention when the time is right, Cap'ain! :)
@PRORACING-SK Would you mind attaching the 4-1 image to the ticket as well as your Test Ratio osp file?
Most helpful comment
Everything can be seen here. This way it works not only in my profile but in all I tried. The distortion is more or less visible in various profiles.