~/Library/Audio/Presets/alphakanal/Automat1
If that directory exists, but is empty, Live crashes when you load the plug. If you delete it, it loads fine, auto-creates that directory and will crash on subsequent loads. But if you just create that directory, and copy your presets into it, everything works great.
Only downside is there doesn't appear to be a way to load 0.4.2 presets into it.
Otherwise, I have to admit to being completely infatuated with this plugin.

