Backport 8072 1.5.latest3

[MichelleArk]

Backport of #8072

• Automatic backport failed due to conflicts arising from (intentionally not backported) changes in Detect breaking changes to constraints in state:modifed #7476
• Manually implemented the fix in 1.5.latest instead.

docs dbt-labs/docs.getdbt.com/#

• N/A - current documentation describes expected behaviour which was not being met for versioned models.

Problem

Solution

Checklist

• I have read the contributing guide and understand what's expected of me
• I have run this code in development and it appears to resolve the stated issue
• This PR includes tests, or tests are not required/relevant for this PR
• This PR has no interface changes (e.g. macros, cli, logs, json artifacts, config files, adapter interface, etc) or this PR has already received feedback and approval from Product or DX

[github-actions]

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