Apparently, it's not just Raze. I just e-mailed a save file in where not only Raze was missing, but also the imp king ... and most telling, Moor and his cronies spawned in the bay instead of their proper spot (wherever that may be, the bay surely ain't it). It would seem once the bug bites, any number of triggered NPC's might spawn in the wrong location, some of those being spots that break the game.
Interestingly enough, Raze was OK the first time I visited him, but he kicked my butt so bad I went out and leveled up a bit before trying him again. It was only the second time he was messed up, and so were the other NPC's that I noticed couldn't quite be right.
