We have a render script that our artists run to ensure compliance on deliverables with the studio that their project is for. We currently use 40+ output modules to facilitate this because of a bug with setSettings().
The addition of native support for OCIO / ACES workflow in AE 2023 has been a long time coming and very much welcome! Unfortunatly we are running into issues in being able to set the color settings of an output module via scripting. We can generate more templates to handle this, but it is not ideal to do that for each update to studio requirements. As we then need to make sure all artists update their templates. The ability to set color settings via .setSettings() would save a lot of time and headache, and allow artists to focus on the work and not have to rerender because they dont understand color science.