That means that the two presets in question were created in Process Version 2 and that when the preset was saved, the Process Version check box was enabled. You would need to recreate the preset with the Process Version check box unchecked and then it would work as expected.
Thanks Rikk I will check it out. I am surprised this is happening with these two presets that come with Lightroom, not ones that I have created and ones that I have used in other versions of 7 without this happening. Thanks again!