For example: I want Preset A to toggle from Phaser (pos 1) to Tremolo (pos 2) then have the shift state be Harmonic Tremolo… Is it possible to have the shift state display the up arrow AND a third name for the preset to show that Harmonic Tremolo is active?
A third name really isn’t possible. But we can explore (in the future) using the Long name as a third (and maybe forth) name with some hacks. So you’ll essentially be giving up the long name display for a third preset short name.
If that were to happen, would the “3rd name” be displayed where the preset name would usually be? Or would it behave like how Long names are shown when the corresponding footswitch is held down