I've tried center anchoring it but it still upper left justifies any image inserted in the image field.
this.para.vAlign = "middle";
this.para.hAlign = "center";
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I normally use the old Text Field Trick in LiveCycle.
Create a new Text Field, Set your Text Justification Options and then change the Field to Image Field.
It will retain the Text Field Settings from before.. Used that "trick" many times.