How do you use this method for anything other than the first insert in the chain? Seems no matter what, you lose your existing plugins in the chain when loading channel strips from the Library, which makes this approach moot to me. Did I miss something?
(Sorry for the delay) No, that's right -- Ch.St.Stgs save and load a set of plugins as a unit, and replace any that are already loaded.
My buddy Eli pointed out that you can drag-copy a plugin from one channel strip to another:
"...one of the great features of the Track Mixer: Hold down the Command key to move a plugin from one slot to another - or one channel strip to another. And add the Option key to that to copy it instead of move it."
So although this is getting convoluted, you could create a new track, load any Ch.St.Stgs you like, and then drag individual plugins to the track you're working on.
You could cram one Channel Strip Setting with your 6 or 8 favourite plugins, load it when you need any of them, and then drag the ones you want at that moment to your working track.
I know, not really what you wanted. :^( But maybe this strategy could be useful at some point.
cheers.