New or renamed presets seem to insert randomly in the list.
I still see some funkiness here too, Michael. What I am seeing is that Presets that existed prior to 7.2 sort alphabetically and correctly - even when renamed. Presets created after 7.3 also sort alphabetically - even when renamed - however, they sort in two different lists in the same folder. That is what I see happening in your screenshot as well. I have reopened the bug and will have engineering take a look at it.