Location in new memories format displays the standardized location, not the user entered one.
I have many situations in which I prefix the standardized location with additional details, eg for a person living in a country area I might prefix with the name of their property,
example
"Rocklands", Houghton, South Australia, Australia
In the new memories format, this is being displayed as Houghton, South Australia, Australia even though the additional information is stored. I can see the extra detail when looking at memories in the gallery (list view).
As a further comment, the details (title, date, place, description) have become someone lost in the new layout. I appreciate the need to manage the layout differently, but am concerned that too many people don't take time to fill in these details, and they may be less inclined to do so with the new layout.