View bobbing lowers your hand when using player character sizes other than Medium

When turning view bobbing on the hand lowers slightly when using a character creator skin that is tall.

Steps to Reproduce:

1. Open a world
2. Switch to a character created skin
3. Set the skin height to tall
4. Check hands with view bobbing on and off
5. Set the skin height to smaller, small, or medium
6. Check hands with view bobbing on and off

Observed Results:
At step 4, hand is higher up when view bobbing is off.
At step 6, hand lowers slightly when view bobbing is off.

Expected Results:
Hand is at the same height with view bobbing on and off