Advanced Drill was new in 2021. It has been improved for 2022. Yes, you should use the checkbox to force a rapid move down to the last drill peck depth, and then it will feed to the next depth, and repeat. Say what you will, but we had to do this for the last 15 years by building Custom Drill Cycles, which wouldn't even show any of the pecks, or any other start/end moves, so this is a huge improvement. 2021 needed some improvements, which they have made, and I'm sure there is still room for additional improvements in the next couple of versions. Advanced Drill has been a huge addition. Especially for users who don't use pecks because we've got Coolant Thru-Spindle to flush the chips. Now I can approach a hole with the drill spinning CCW at 500 RPM, feed to the start depth slowly, stop the spindle, turn on the spindle CW at the start RPM, ramp the RPM up in stages while enabling the CTS pressure to build, then drill my hole to depth. Finally I get control over the retraction process steps as well.

Thanks, we have ours linked with the holders named already. I could probably make a template mastercam file with the tools already selected

No, but you can link to a tool library from a machine definition so it will always use that one when it is called. You control that here: I always teach our customers to take the mill_inch tool and add them to the holder library for the machine. The link to the holder library here. Now you will never need to go pick the holder every time you're programming for a part for that machine definition. We cannot still pick a holder library here so by combining them into one .tooldb you get everything you need and done. Saves hours in a week not having to go pick the holders. Here is the old big_inch tools from X7 days for 2022. I have been updating it along and along for each version. Big_Inch.tooldb for 2022 Big_Inch.tooldb for 2018

In Verify click on File. Then options.

MC2019 was pretty solid IMHO.