When I render in place using the “Dry” option, it correctly produces an audio file on a new track with the same insert plugins as the original.
I also have some plugins on the Stereo Out Channel. Can you confirm that the rendered audio files does not include the processed Stereo out (i.e. a dry file)? I have tried with and without effects on the Stereo out and they appear to be the same, but would be grateful for confirmation.