Thanks for your reply Gerry!
I did some more investigating/playing and I think I might have found why it worked for you. For Tool Zero (no compensation), or any tool that has a positive value in the diameter field in the Tool Table, the display is correct. The only time that the display output is reversed is when I have a negative value for the Tool Diameter. My programs are written for a Tool Path Contour based on a nominal tool diameter. If the tool I'm using is undersize, I need to use a negative value for Tool Diameter Compensation. In this case, the G41/42 value in the display is reversed. If you could verify this with your version of MACH, it still may need to be reported as a bug. Just set the Tool Diameter value for Tool 1 to a negative value and make it the active tool. Then MDI a G41/42 and see if your display is also reversed.
Thank you again for your answers to my questions, but, again, the information was still too vague for me to make an informed decision.
You said that you thought that reducing the Lookahead would "reduce the performance in CV mode"
?? I've read the CV Settings documentation and know that they recommend a value of 200 (the default appears to be 20). I have no idea what sort of calculations are being done (besides how to transition from the current move to the next), but I guess I could see a need to "lookahead" on complex 3D contouring that is accomplished with sequences of thousands of short moves. Since my profiles are not very complex (not large sequences of very short moves), I have a hard time understanding how much benefit there would be to using a large value for Lookahead. In addition, the CV Settings documentation even states that too large a value could cause problems depending on the speed of the computer. As it is, I have no feel for how few is "too few" and how many is "too many".
In reference to Advanced Compensation Analysis, you stated that you didn't think there was a reason not to use it and that the original mode was simply left in place when the Advanced mode was added. If there's no reason not to use it, why is it a choice? Any time there is something to be gained....there is always an associated cost. There must be pros and cons....I just don't know what they are.