This 
example(https://tex.stackexchange.com/questions/46327/defining-the-size-of-a-graphic-based-on-the-number-of-rows-it-should-span-in-con/46332#46332)
 no longer compiles as expected. 
Originally, the top and bottom of the graphic would sit flush against the text, 
but now there is an extra one or two lines of blank space at the bottom.

Original example: https://i.sstatic.net/LzJzx.png

It seems I can only get it to work in the example below, 
but what role does `grid` play here? 
Once I add `setuplayout[grid=yes]`, things actually get worse: the text 
overlaps.

I don't understand—has the mechanism for floats changed, 
or am I not using the correct settings to avoid the extra blank space at the 
bottom?

my example:
```
\useMPlibrary [dum]
\setupfloats [spaceafter=,]

\starttext\showgrid
\input ward

\startplacefigure [location={left,grid,none}]
    \externalfigure [dum] [height=8\lineheight]
\stopplacefigure

\input knuth  
\stoptext
```

original example:
```
\useMPlibrary [dum]

\setupfloats [spacebefore=, spaceafter=]

\starttext
\input ward

\startplacefigure [location={left,none}]
    \externalfigure [dum] [height=8\lineheight]
\stopplacefigure

\input knuth  
\stoptext
```
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