Parametrized queries won't work on upgraded version with new Presto driver

We are having serious issues with Metabase performance and believe this may have something to do with the fact that we're still using the old (now deprecated) Presto driver. We've tried upgrading to the new Presto driver several times, but this results in many queries - specifically any complex queries with parameters, breaking.

What are the known limitations and are there any known solutions to making parametrized queries work with the new Presto driver?