This is not the Logical Editor, it’s the Project Logical Editor. See The two Logical Editors in Cubase
As Martin indicated, a track is not necessarily a channel.
Can you show the same Project Logical Editor preset in Cubase 9.5, to make sure they really are the same?
Also, a suggestion, use the Windows built-in snip tool to create your screen shots. It takes less time and is more legible.