Layer material properties

Before the new rendering engine, it was possible to set basic object material properties (colour, gloss, reflectivity) without having to go into extensive material settings.

Is it possible to do this still? The only place i could see where to do this is with setting the display colour By Layer, wherein i discovered an inconsistency/bug in the interface.

Clicking on the layer material “ball” in the layer palette brings up a basic material editor where colour, gloss, etc. can be set, and any materials set to “Layer color” inherit that property. All good so far.

But scrolling down in the object inspector, the layer properties are not reflected there:

The material name, color, gloss, etc. should be reflected in the “Material” panel. Ideally, they should also be editable there as well.

We see this. Logged in MR-2042. Thanks!