As of ArcGIS PRO version 3.7.0, ArcGIS PRO's "CAD to Geodatabase" geoprocessing tool creates four feature classes. One of these is annotation. But the annotation converted from MicroStation .dgn files does not convert as accurately as the original ArcMAP CAD to Geodatabase tool did. We're left with annotation that is off by 1, 6, or maybe 10 to 25 pts off of the original .dgn file. When we run the same .dgn file through ArcMAP's CAD to Geodatabase tool, we see no such discrepancy.
To address this issue, I recommend ESRI replicate the an existing ArcMAP tool called "Import CAD Annotation". I recommend that they replicate this tool and bring it in to ArcGIS PRO as a new geoprocessing tool. If done correctly, this tool should produce fully accurate annotation. There is an alternate to this as well. ESRI could "tighten" or "clean up" the existing "CAD to Geodatabase" tool so that it produces the same quality annotation that its ArcMAP predecessor does.
In my attachments, I give examples of how the ArcMAP produced annotation compares to the ArcPRO produced annotation. The difference is not massive, but it is very noticeable and not acceptable for our products.
With ArcMAP's imminent degradation, this becomes more urgent for our workflow.