The issue in https://issues.redhat.com//browse/OCPBUGS-62653 also exists in Azure UPI ARM template.

https://github.com/openshift/installer/blob/main/upi/azure/02_storage.json#L91

The property "storageProfile.osDiskImage.source.id" should move to "storageProfile.osDiskImage.source.storageAccountId"

UPI ARM template    

 Always   

    1. Install UPI cluster on Azure platform by using ARM template in installer repo
    2.
    3.
    

Installation failed with below error:
ERROR: cli.azure.cli.core.azclierror: {"status":"Failed","error":{"code":"DeploymentFailed","target":"/subscriptions/53b8f551-f0fc-4bea-8cba-6d1fefd54c8a/resourceGroups/stage-1418-m9lhj-rg/providers/Microsoft.Resources/deployments/stage-1418_02_storage","message":"At least one resource deployment operation failed. Please list deployment operations for details. Please see https://aka.ms/arm-deployment-operations for usage details.","details":[{"code":"InvalidParameter","target":"galleryImageVersion.properties.storageProfile.osDiskImage.source.id","message":"Parameter 'galleryImageVersion.properties.storageProfile.osDiskImage.source.id' is not allowed."},{"code":"InvalidParameter","target":"galleryImageVersion.properties.storageProfile.osDiskImage.source.id","message":"Parameter 'galleryImageVersion.properties.storageProfile.osDiskImage.source.id' is not allowed."}]}}

    Installation succeeded