When selecting this option the box is ticked and the function is applied. Opening the Collection Preferences again, the box is un-ticked, but the function remains valid.
Thanks for reporting this! I’ll look into it, and hopefully have a fix out sometime next week.
Found the problem and fixed it. Fix will be in next release, coming soon. Thanks again for taking the time to report this!
This should be fixed in 10.5.0, which has just been released.