Unfortunately, RC3 definitely still has the Print and Cut error I hit in RC2:
The current failure is the same: after setting the two targets & activating the non-scaled PnC, framing the template behaves as though PnC was not activated.
Doing the targets & activation a second time seems to behave properly.
Given the windowing problems in RC3, I must revert to RC2 until something happier comes along.