If you want to see the setting of a preset in the sound modes menu (the three stripes) you will have to select one, then go back to the previous menu and click the turning knob button.
It’s a little convoluted to be honest. Should just be a tap on the name.
The question I have though: how do I delete a preset?? I tried moving them about, long-pressing… Is this even possible in this app version?
Also, sometimes I can change a preset (default or new) by tapping save, and sometimes I can only ‘save as new’. Seems bugged to me.