Sorry about the poor experience. We have addressed a similar issue in our latest Beta release. Would you mind testing our latest Beta for Premiere Pro to check if it's working properly? You may refer to this link to learn more about the Creative Cloud Beta program.
Yeah, absolutely fantastic, I am sitting on a bunch of Sennheiser Ambeo and Insta360 productions, when' it's gonna be available again?!? Can't believe I've watched hours of tutorials on that only for PP 2021 and 2022 not working properly.