Thank you for the response.
Someone at WooThemes got back to me to say the problem was most likely the theme so we changed the product bundle settings to remove the thumbnails for now. I tested a different theme on a staging site and it appears the problem is with the Zerif Lite theme. I’ll probably post the same info to the Zerif forum and see if anyone there has a solution or update. In case you are still interested in seeing the problem here is a link to a temp hidden product with the floating thumbnail issue: