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Hi David,
First of all, many of the participants of this thread think that this is a bug. Unfortunately, it isn't. As it was announced in this Microsoft Excel Blog las year:
https://techcommunity.microsoft.com/t5/excel-blog/excel-s-formula-bar-gets-a-new-look/ba-p/3902462
There are only two problems with monospaced Consolas in the formula bar: that it is monospaced, and that it is Consolas.
I found the example in the linked article really biased, hence frustrating: what percentage of Excel users write formulas like that as the dominant part of their work crying out for monospaced character? Formulas without numbers and cell references? They are arguing with programming ****, but Excel formula bar is in most of the cases not a programming interface.
I use Excel, Excel VBA, Power Pivot on a regular basis, I write short and long formulas, and I never missed this trash. On the contrary, I really hate it!
The formulas became longer and this new spacing breaks words into letters. Consolas is a disaster, its accentuated slashed zero attracts the look, but that only distracts attention from grasping the formula's meaning. The 3 and 5 are ugly, the latter is harder to distinguish from B or E than by using any other character. Functions with . separation will be spaced before and after the . , so instead of keeping together the function name as an undivided expression, it splits it up into 3 parts.
I discovered recently that Google Sheets use monospaced font in the formula bar, but it is not Consolas: the zero is almost the same, but the other numbers are more readable.
Was Microsoft afraid that users would switch to Google Sheets because of this feature?
Dénes