Alert video present, but local recording not present?

No, that’s a different issue.

Back when I was trying to run with “Events only” recording, you could go down through the Event alerts and record (write down) the time from the videos. Then go to the playback timeline and record when you actually had video and clearly see the gaps. It was pointed out there may be a one minute gap, but comparing the two records, events vs playback video, it’s clear there are missing SD recordings.

Unfortunately, I didn’t have the camera under the old version app and firmware long enough to say when this started. But hey, now you can look at Discovery videos on your phone instead of watching them on a nice big pc monitor, and without going to My Account => Help & Feedback => forums => Captured on Wyze in the app, which you could do anyway. Priorities matter.