One would assume so.. But seems to work fine here with that option checked in the panel properties. . Midi settings are “Input from host to comparitor” and “Output to plugin host”.
Hi, this is an old post so maybe this is old news (and I am a Ctrl noob) but I seem to have solved the problem, at least for my needs (Ctrlr as VST in Reaper) by checking the “No MIDI output from panel” option. Hope this is helpful 🙂