It says its supposed to move my pet in the direction Im facing but it usually moves him the opposite direction. Not always though. Is this buggy or am I missing something? edit: Hotkey says Companions Relocation but in the aa window it says Companion's Discipline. edit2: weird. Seems to work correctly today. Maybe it was a lag/pathing thing.
Unfortunately it doesn't always throw your pet across from you. Probably, like you say, lag or pathing or zone geometry or whatever. I find the second or third time it works better, but I also usually don't care about positioning most of the time.