LAM2 supports the ability to open directly to the settings menu with a slash command, which you can register through LAM2 itself as you create the panel.
That also means that you can assign a keybind or on-screen button to it by wrapping the slash command in a function and calling it directly. That's less keystrokes + clicks than LAM1 by a longshot.
As for the "important enough for the old style" argument... not sure I agree but that's purely my opinion.
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