I tried doing this a few months ago without success.

Used the MSC input device (set to preset) in the control panel.
Used catalyst to output MSC command of 1:1 and looped the output of a midisport back to its input.
Set the name of preset 1 to 1:1
MSC input flashed the green light next to the input field indicating it was receiving midi and displayed 1:1 (without a green background) but the preset failed to trigger.

I concluded that I had either got something wrong or it was a bug.
Emailed Richard about it but I think we both got busy and forgot about it.

Paul