Adjustment Presets Not Working & Can’t Delete...

I’m using the new Adjustments preset feature and creating my own presets. I have a series of adjustment layers that I’m creating a preset with.

When I create the preset, it’s grayed out. I can’t access it, I can’t delete it, I can’t do anything with it (see screenshot).

If I hover over it I get an error:

blend modes in this preset are incompatible with this document.

What does this mean? The preset was literally in use with that very document with no problems and now it's not compatable all of a sudden?

I tried creating a blank document to see if it would work and the same thing is happening.

So, how do I fix this and how do I make it so I can delete the presets?

Finally, I also noticed the “Libraries” tab which also has a “Presets” section where I can do the same exact thing; save a group of adjustment laters as a preset. What is the difference between this and the Adjustments preset section. Seems redundant. And finally, how do I use presets saved here in actions? I tried recording an action and adding the preset to an image but that didn’t work.

Using Photoshop 25.9.1 on MacOS 14.5