Either it doesn’t work at all or you have to set it back to toggle again.
On PS5 I have a stick drift on my right stick just in GZ.
If I adjust the deadzone to 15 and set it to manual setting, the drift is gone. Each time I start playing GZ the drift is there again. So I deactivate the setting, activate it again and then it works again.
I have sprint set to Right Shift and it works with Hold selected.
Selecting Toggle makes Right Shift inactive… but sprint is toggled with Left Shift key