Hey,
I have a point cloud for a part of a beach. I added the ground control points and exported as a DEM to ArcGIS. For the same area I also got extra coordinate points, which are quite clearly recognizable structures. These structures I can even recognize from a DEM. When I project these points in ArcGIS and load the DEM, the points do not match with the structures. I have added a picture and the line in the picture indicates the difference between the points and the DEM.
Then I added these points to Agisoft program, along with the ground control points and then these points do match quite well with the structures. (See picture 2 the points I am talking about are z1, z2 etc.) So it seems that the georeference system is not quite well projected in ArcGIS. I use the Dutch RDnew (EPSG) 28992 georeference system, and I wonder if someone knows why the DEM is differently projected in ArcGIS?