ID 430318 - Channel Swizzle feature isn't working in 14.0v1

Problem summary
Channel Swizzle feature isn't working in 14.0v1

Customer reported version
modo.14.0v1

Customer reported platform
windows10

Steps to reproduce

1) Open the attached scene file in Modo 13.2v1 and Modo 14.0v1.

2) Press the F8 key to open the Preview render window in both versions of Modo.

3) Notice that Channel Swizzle doesn't work in Modo 14.0v1.

Expected behaviour
Channel Swizzle should work as it did in previous versions.

Actual behaviour
Channel Swizzle isn't working.

Workaround
Unknown.

Reproduced by support

This bug has been reproduced in:

14.0v1 - Windows 10 -regression

Unable to reproduce bug in:
13.2v1 - Windows 10

Earliest version tested

13.2v1 - This issue doesn't appear in this version and has regressed.