I'm including a screenshot to show you my issue.
I cannot find anyone else with a similar issue.
Both my Vegas Pro 13 and Vegas Pro 16 have the preview in a strange grayscale. When the video is rendered, it too, is grayscaled. The video is recorded in color and the preview is set to 'Best'.
There are no filters or effects applied. Every video project starts like this regardless if I tell it to match video settings.
Thank you for your time.