This isn’t the same as a previous bug around presets. Now, the preset settings ARE applied as they should, but it’s the corresponding preset name which isn’t being shown.
Even after manually selecting the correct preset (name) in the list, the same happens after selecting a different input video - the preset name changes back to “None”.
However, please note that if the crop region is changed, not only does the preset name change to “None” but all the previously selected preset settings revert to the “no enhancement” state. That is a separate bug I’ve previously reported. I just wanted to clarify these are separate issues.
This bug is in v5.4.0 (and previous ones as well) on both Windows and Mac.
Andy