ID 461645 - Using "Geometry -> Freeze..." does not produce expected results when applied to an image-map displaced mesh.

Problem summary

Using "Geometry -> Freeze..." does not produce expected results when applied to an image-map displaced mesh.

Customer reported version
modo.14.2v1

Customer reported platform
windows10

Steps to reproduce

1) Download the attached files and open this inside of Modo.

2) Select the Mesh item and increase the Subdivision level to 24.
3) Now select Geometry > Freeze with Freeze Displacement enabled and notice that the displacement isn't frozen to the mesh.

Expected behaviour
Mesh should be frozen in shape produced by displacement map.

Actual behaviour
Mesh reverts to an un-displaced shape (flat, in this case), and the Material's displacement map is disabled.

Workaround
Unknown. 

Reproduced by support

This bug has been reproduced in:

14.2v1 - Windows 10

14.1v2 - Windows 10

14.1v1 - Windows 10

14.0v2 - Windows 10

14.0v1 - Windows 10

13.2v1 - Windows 10

13.1v1 - Windows 10

13.0v1 - Windows 10

12.2v2 - Windows 10

Earliest version tested

12.2v2 - This issue appears to be in all versions of the product.