FWIW, the current flow ~130 m3/s is quite a bit of water coming down. I would assume that with somewhat rising temps and the recent rain, there might be a lot of that Xmas snow melting and contributing? Just a guess. I see your point though, there's been sustained high flow for 10+ days now
It seems a full meter higher than I expect. Has gravel movement filled the river bed near the gauge so that there is a new typical gauge level?
If you compare from one year to the next, the height vs flow relationship for the gauge definitely does change each year, sometimes by quite a bit (but not by a meter). The relationship is not linear, but at least for the current flow, the corresponding height does not seem to be too much different than prior to the Nov flood event so far.
Typically the biggest differences tend to be at lower flows. Only compared a few values but it seems that once it drops, the 'new' gauge might actually show a bit less flow than previously. ie. it may read slightly higher now, but I'm guessing it's not really too far 'out of whack' compared to historical.
FWIW height vs flow tends to be pretty consistent within a season (massive floods notwithstanding), but if comparing year to year, flow is the more useful (and constant) value. No question that height is more intuitive, but as you suggest, it can and does change.