Fantastic idea, Erika!
I keep thinking having 'Edit Selected Profile' in the right-click menu would save time and be much more convenient. Also no names to remember and search for in the (long) list of possible profiles. 'Capture Profile of Selection' is there already, why not another option?
It feels like another example of GS not fully thinking through the implementation of a tool!
Another example that annoys me, why is it when storing the name of a new profile, you can't see the list of existing ones so a) you don't call it a name that already exists, so avoiding the ever-so-useful popup box that tells you that, and b) so you can keep the naming convention consistent with other existing profiles!

Every other computer program ever invented in the whole of the universe lets you see the names of existing files when saving a new version!
Grrr!