Gdtyjr

I noticed package cutwin seems to have issues with linespacing (see above image). After searching several others also noticed this:
Linespacing with cutwin,
Misalignment with cutwin,
http://tug.org/mail-archives/texhax/2011-September/018163.html

In https://tex.stackexchange.com/a/133691 it is remarked that packages wrapfig, picins, cutwin, etc. do not always work well with vertical spacing.

I chose for cutwin as an often opted solution to manually position images and wrap text around them. Particuarly in/near list, since wrapfig often fails here. I am slightly annoyed I devoted time and energy in learning cutwin only to see that this package has its own issues. So my questions are:
(1) Can cutwin's erroneous vertical spacing be fixed?
(2) If the answer to (1) is no, does the solution here, using cutwin and parshape, handle vertical spacing well?
(3) If the answer to (2) is no, what is the cleanest solution to wrap text around an image? (image does not need to float) I have seen several solutions come by but not yet a consensus about what is best. See for example
https://tex.stackexchange.com/a/208436,
Will it ever be possible to use wrapfig with an enumerate or itemize environment?,
https://www.abhilashnair.com/troubleshooting/how-to-use-wrapfig-wrapfigure-in-an-enumerated-or-list-environment-in-latex/,
https://tex.stackexchange.com/a/232110

MWE:

documentclass[11pt, a4paper]article

usepackagelmodern
usepackage[T1]fontenc

usepackagemwe
usepackagecutwin


begindocument
section*Test
lipsum[2]

renewcommand*windowpagestuff%
centeringbfseries
Text \ in \ Window par

opencutright
begincutout20.5textwidth0pt7
 lipsum[1]
endcutout

lipsum[2]
enddocument