Current Parsoid HTML:

<figure class="mw-default-size" typeof="mw:Image/Thumb" data-parsoid="…">
	<a href="./File:Smokeycover.jpg" data-parsoid="…">
		<img resource="./File:Smokeycover.jpg" src="//upload.wikimedia.org/wikipedia/en/thumb/7/73/Smokeycover.jpg/170px-Smokeycover.jpg" height="237" width="170" data-parsoid="…">
	</a>
	<figcaption data-parsoid="…">
		<a rel="mw:WikiLink" href="./Smokey_Stover" title="Smokey Stover" data-parsoid="…">Smokey Stover</a><!-- no italics, character’s name --> driving a "foomobile", with <i data-parsoid="…">phoo</i> visible on the front
	</figcaption>
</figure>


Current VE HTML:

<figure class="ve-ce-mwBlockImageNode ve-ce-mwBlockImageNode-type-thumb mw-default-size ve-ce-branchNode ve-ce-mwBlockImageNode-borderwrap mw-halign-right ve-ce-focusableNode" typeof="mw:Image/Thumb" contenteditable="false" style="width: 172px; height: auto;">
	<a class="image" href="https://en.wikipedia.org/wiki/File:Smokeycover.jpg">
		<img src="//upload.wikimedia.org/wikipedia/en/thumb/7/73/Smokeycover.jpg/170px-Smokeycover.jpg" class="ve-ce-mwBlockImageNode-thumbimage" style="width: 170px; height: 237px;">
	</a>
	<figcaption class="ve-ce-branchNode">
		<div class="magnify"><a class="internal"></a></div>
		<p class="ve-ce-paragraphNode ve-ce-generated-wrapper ve-ce-branchNode">
			<a class="ve-ce-linkAnnotation ve-ce-mwInternalLinkAnnotation new" href="http://en.wikipedia.beta.wmflabs.org/wiki/Smokey%20Stover" title="Smokey Stover">Smokey Stover</a><span class="ve-ce-leafNode ve-ce-commentNode oo-ui-indicatedElement-indicator oo-ui-indicator-alert oo-ui-indicatedElement ve-ce-focusableNode" contenteditable="false"> </span>&nbsp;driving a "foomobile", with <i class="ve-ce-textStyleAnnotation ve-ce-italicAnnotation">phoo</i> visible on the front
		</p>
	</figcaption>
</figure>

The only structural difference is the "<div class="magnify"><a class="internal"></a></div>" which Parsoid is missing (and will go away soon enough anyway). Deeming this to be fixed.