When I try to bake first displacement map I get only gray overlay. Read many threads without any progress.

I tried:
– copy paste to empty blender of same version, same issues
– I tried to exported as obj but unable to rebuild subdivisions with error “no valid subdivisions found to rebuild a lower level” (same issue when applying modifier and adding it again)
– when I load Kent file in the same old version 2.92 it works like the charm
– It does something when baked with level viewport 1:

– but on level 2 I dont think it is desired level 
– low resolution make it even worse
– cannot of course open my file in older version 🙂
any tips please?