I've not tested all the possible conditions but the problem appears to be with the Feats. If I swap to a loadout that has gear/mounts/comps/enchants etc but with no feats selected then I am able to use that to bounce from one loadout to another.
For any player that is having a loadout swap issue a workaround is to create another loadout and not select any feats, just leave it as it is and use that to bounce between different loadouts until the dev team fix the bug.
Comments
For any player that is having a loadout swap issue a workaround is to create another loadout and not select any feats, just leave it as it is and use that to bounce between different loadouts until the dev team fix the bug.