The preset selection menu for elements retains the last selected preset when selecting different elements. This might be fine if switching from one Text element to another, for example, but I have found that it is possible to select a preset on, say, a Section / Row element, then switch to a Text element and apply. It does it’s best to apply that Section preset to the Text, which obviously doesn’t work so well.
It was able to apply some styles when selecting a preset on a Headline element, then switching to a Text element and hitting apply.
A bit confusing when setting and applying many presets! Especially if limited access is being given to a lower-level content editor, with instructions to only use presets etc - and this would result in potential errors and problems with design unintentionally.