The envelope drop-down contains three selections - Hide all, Volume Fades and Pan. Switching between them has no effect on the clip display unless you click somewhere else first (ie between clips or on another clip.) Then it changes.
Also
The Pan Law reverts to Channel Damp (0 db) upon reopening a Montage, not the setting you left it at.
That’s great, but aren’t you supporting v9 anymore? It’s only at 9.1. 9.5 is an upgrade that won’t run on my system. (I bought it, but it’s going to have to wait for the new Mac Pros)