I would guess that it's not the differences between ift or sft, but rather a datum shift. Whether using Civil 3D or Microstation, be sure to use the NSRS11 (Nad83 2011) datum and realization. I see so many folks still use the legacy Nad83(86) in Civil3D. Also, Ian's suggestion of aligning/georeferencing the image in TBC would be a quick fix as well.