How to update item types from library

Is it possible to update item types globally from the dgnlib? 

From what I can see it appears that defining item types in the dgn lib only makes these available to attach. Updating default text in the dgnlib item type does not propagate to the child objects that these item types are attached to. 

My desired workflow is to attach an item type with element description and spec reference to element templates. I would then like to be able to update the text in the library which would then update globally through my project files, updating annotation fields etc. 

It appears the only way I can do this (that I have found anyway) is to edit the default text in the element template, then proceed to update element templates from the library in each file manually. 

Also, can item type libraries be displayed as a table to allow checking/cross referencing and also easier bulk updates? 

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