ID 574763 - Wireframe Color option for active and inactive wireframes is not reflected in the 3D Viewport

Problem summary
Wireframe Color option for active and inactive wireframes is not reflected in the 3D Viewport.
 
Customer reported version
Modo 17.0v4
 
Customer reported platform
Windows 11
 
Steps to reproduce
 
1) Download the attached file and open it in Modo.
 
2) Navigate to 3D Viewport Properties > Active Meshes.

3) Change the Shading Style from Default to Wireframe.
 
4) Select the Wireframe Color and change the color from grey to another color such as red.
 
5) Close the Color Picker and observe the Wireframe in the 3D Viewport.
 
Expected behavior
The wireframe color should change in the 3D Viewport to reflect the chosen color.
 
Actual behavior
The wireframe color does not change in the 3D Viewport to reflect the chosen color.
 
Workaround
Unknown.
 
Reproduced by Support in:
Modo 17.0v5 - Windows 11, macOS 11.7 Big Sur
Modo 17.0v1 - Windows 11, macOS 11.7 Big Sur - regression
 
Unable to reproduce bug in:
Modo 16.1v8 - Windows 11, macOS 11.7 Big Sur
 
Earliest version tested
Modo 16.1v8 - This issue doesn't appear in this version and has regressed.