Hi Matthew,
Thank you for updating us.
We are getting incorrect calculated value(i.e., #VALUE!) is returned for the cell which has VLOOKUP formula and referring the external workbook. Also, we are not getting the calculated value as #N/A or null as per your update.
However, the issue has been resolved in our release version 16.3.0.21. You can also refer the latest NuGet from following link to your application to ensure the same.
Please find the sample which we have tried at our end.
If your scenario from this or the issue reproducing with latest NuGet, kindly modify the sample to reproduce the issue and get back to us with an issue reproducing sample which will be helpful for us to provide prompt solution at the earliest.
Regards,
Abirami