Rated 5 out of 5 stars
Excellent and much-needed tool; I highly recommend it. My one gripe is that I haven't figured out how to use the rich text feature; some explanation on the CoLT Custom Formats page would be nice.
Two suggestions to make it more useful:
1. provide the option of tagging a particular format as being intended for Link Context, Page Context, or both; and have that format only show up in the appropriate context menu.
2. Conditional formatting. Give me the ability to delimit a portion of the format so that it only shows up if a particular variable isn't empty. For example:
%T <%U>%[I (%I) ]%
Everything appearing within %[I ... ]% would only get used if %I has a value; so if the link has a tooltip, that gets copied at the end in parentheses; otherwise, the format stops at the closing angle-bracket.