Works OK for me. Note that you have to first select the MIDI's audio output first, otherwise "Show Output Chain" will not expand.
Works ok until you restart cubase and reload projects. Then channel setting all shows CH1 again on every track.
To be expected. That's what templates are for. :)
Template or no template - this feature is broken. You cannot set per-MIDI track output routing in the channel settings window.
It's maddening, considering they went through the trouble to design the feature. What's the point if you just leave it broken for several versions?
I really don't understand it. They'd make this application 10% better by correctly implementing this feature.