Editing base value from pallet to pallet effects

In GrandMA you are able to create a pallet to pallet effect and then have the ability to change the presets to create a whole new effect but keep all the other data. Is there a way to do this in Hog 4? In my situation I'm creating color to color effects in hog with different types of segments and offsets but I don't know how to copy the effect and then change the color pallets. I've tried merging the effects but it just changes the color to something else. Making all these color effects from scratch seems to be unnecessary. A'm I missing something? thanks