I have a 2021 K1 with a 2018 magazine (and matching LW barrel) in it, and there is no noticeable play in it like you are showing. I tried to measure it with the depth function off my calipers, but I'm not picking up anything.
I also still have the 2021 magazine along with the entire barrel holding assembly that bolts to the action (this lets me easily swap between the two barrels, not that I do that much). In that one that is not mounted to an action I can induce a little bit of play in it like you show, but only because there is no other constraint on it other than at the top . It stays firmly in position at the top (with the spring arm pushing down on it) and can pivot out from the bottom about 1.5mm or so - as I do that, I can see that the magazine is moving independently from the bearing, which stays firmly in place. I feel that if I put it up against the action like the other mag currently is, there would be minimal movement.
It looks like you simply have more total clearance in there than mine does. Both of my mags measure exactly 11.0 mm in depth.