H-Bird is working on the software fix. Mine has the same issue happened before I upgraded the software and is now worse with the new 4.7+ version. I have tried every setting and nothing fixes it completely where the digital depth readout actually reads what the bottom signal shows. I have found adjusting the max depth down to a minimum number is the easiest. 15ft usually works the best as it will allow you to tell if you run off a 2-15ft drop. Setting the max depth low keeps the screen from auto adjusting to 200ft max depth. I find that sometimes the bottom hardness can make it worse, seems like the problem comes from the double echo. Once you are set on 15ft or whatever your choice is, put the depth lines option on the graph. This divides your screen into 4 gradients each 1/4 of the max depth, with a line across at that gradient. Now you have the scaling similar to using a flasher with fixed positions on the screen being certain depths, but also have the picture.
This is what I do to get by, but I still put in a call every week to HB to make sure this stays on top of their to do list.
Shoot me a pm if you need some more help getting yours workable until we get the fix.