Ableton Forum

Well, preset load and save is linked directly to the devices path.
But a saved preset in library may be moved to another place (by dragging in the Live browser to other Live folders).

There is NO copy, paste or cut on the context menu.
But on PC Ctrl C and Ctrl V works - but Ctrl X does not...

In another folder than library, the preset will (PC) show the extension .adv.
You can not load that preset from Live's preset browse button.
But you may drag it to the plugiun and load it that way.

Consistent behaviour?

The info text says:

Move, rename and delete files as you would on your operating system.

If that was true, then Ctrl X should work as Cut and renaming would be activated by a "slow" doubble click as in Windows file explorer.

The context menu should also expose all the relevant choices.

When dragging a preset among the devices, the auto scrolling up/down is so fast that it's very hard to stop at the right place.
The arrow keys up/down should work while dragging.
And Esc/right click should cancel the drag action.

Search in Devices is extremly slow.
I go out to Windows and search the folder, which as fast.

// C, Live 5.2