In VP22, Color Curves FX does NOT apply the keyframes correctly. Here's the video:
Before I clicked the Animate button, everything worked fine; Once I added a keyframe, the parameters I adjusted were no longer applied to the keyframe and preview in real time. I had to manually add keyframes for the parameters to actually be applied.
The problem should start with VP22. I used 21 build 208 at 2:10 of the video as a comparison and it just works fine.