Reproducible in very recent build as of this message.
The effect of this bug is when I click on a grep target the point moves to one in front of the match. (assuming compilation-first-column==1, which is the default)
Details:
`compilation-move-to-column' always references `compilation-first-column' when calculating columns. It should not for "grep" output, because the column # is calculated by `grep-regexp-alist'.
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Le