Yes this definitely seems off, on Corona 9 you indeed get a nice gradient. I don't remember having the Quality value, maybe it's in newer versions, but have you tried setting it higher?
Color spread can produce sharper results like the one you're showing, but I think you would need higher values than 0.2 for that.
I would lastly make sure the units and your geometry normals are correct, maybe try the AO on a different piece of geometry, and report back.
Also, it seems like there are 2 corona AO applied on the cube you're showing, one which seems correct at all the edges and one concentrated at the top face - maybe there is some geometry overlapping at your scene?
EDIT: I now noticed the Z direction offset - maybe try removing that!