The catch powerup behavior has changed. You can now move the paddle before launches and you are not reset to the middle.
For those who want the details, the paddle has 5 zones for rebound. The further away from the center zone you are, the more angle the ball will rebound with.
There is a level restart button on the main menu. Access main menu with ESC from the game. BACKSPACE will undo you moves. Will consider a reset button on the level itself in next drop.