That’s what I would have thought. But when I pull the same image from the Media Bin onto a new Video track it duplicates the existing effect, and if I disable the effect in either track, it is disabled in the other.
[John Gordon] “if you copy an event from a track and paste it to another track, you are also going to bring over any effects applied to the event. If you want a clean copy with no effects added to the event, go to the project media pool and pull the copy from there.”