So I read the entire manual, the forums and finally got a hold of Presonus on the phone. Their answers about this:
1. For now, the naming is messed up and you have to choose "the dummy parameters to send CC midi data". They will be addressing this.
2. Activating automation for every single instance of a plug-in at once, I did a video for them and they said they are going to look into this. I told them for now I am getting around it by using only LATCH, as then it won't destroy my other channels during live playback entering (since I do mine in realtime, not drawing it in with my mouse etc).
3. I gave them the email to support and they are going to initiate contact about these issues to help resolve them.
You said that technically it's not a good idea to use the dummy channels, but the only other option I have is to go back to using the VST2 version and use many different MIR instances compared to just one. Which one is the better alternative, to use dummy channels for Midi CC data to VE PRO 5, or to to use the VST2 version and multiple instances?
Maestro2be