Unfortunately it does not work relyable, although I do not know if this has anything to do with bypass.
I tested it several times and it worked twice, but failed about 10 times (random).
The Jog rate indeed slows down, but for some reason the second time it has to touch the sensor the toolchange macro freezes and does not descend.
The problem is that the first touch move and the second touch move is copy paste and are completely identical.
I don't know if it has anything to do with two macros trying to access the same led, but at the point where the macro freezes it's not writing to the led.
I have to look further into this, but i'm running out of ideas