Thank you Michael for such full and informative answer.
Yep - #1 and #2 solved - Run as Admin and it worked. :)
#4 - Lightening Options also solved. Have them in Options ->View ->Lightening Options -> Lightening Presets. And also have these in custom ui bar :)
Thank you once again for making awesome software ^_^
(I'm in V4 Beta now).
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