As in the title it seems that using --embedded_config switch to run generic collector does not work on those versions. Interestingly, using older version of velociraptor (0.75.4 and even 0.74.2) is fine.
Screenshot from execution:
Used command is the same as in the documentation for running generic collector.
Collector_velociraptor-collector was generated using CreateCollector artifact.
Command was tried on Windows 10.