Transparency Threshold Dynamic Views?

How do you set the transparency threshold in OBD CE U4?

1. There is a setting in the Display Styles dialog, which only seems to work when the Threshold is set 100%. Anything else results in transparent glass.

2. Looking at the F+P Editor dialog, there doesn't seem to be a setting for transparency.

3. Clicking on the materials property brings up the Rendering Materials dialog. But it doesn't look like the opacity slider affects the display

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