Steve, you came to the conclusion there is not a bug. But there is something of inconsistent.
Have a look to this recording:
https://1drv.ms/v/c/6b5b8bf23b77dd0a/ES3aD3h2p5VMm8sKyon6ABIB8P3qzH31MYHBzzWSu47m6A?e=0CdeeHStarting from what I can control (i.e. the settings I can see), I have different LUT results.
How can I tell that the 0,0000 of the first launch of CS (which is indeed 0.00000003) is different from the 0,0000 of the second launch (which I am pretty sure is 0.00000000000)?
The right procedure looks being: each time I open LUT tools and I want generate a LUT from the destination gamut I see saved, if I find that field ticked, I should untick, select a different gamut destination, and then select back the original one.
PS: I have ticked that field accidentally generating a 2.4 gamma LUT. Then I closed LUT tools. As soon as I have verified, I regenerated it as I wanted 2.2 gamma. When verifying I wondered where is my black? Then I have reported hoping that my bad experience might avoid other users making the same mistake.