Are you trying to update the settings of the Favourite you have already created? If that's the case, double-click it to activate it, making sure you have all settings selected to transfer when applying a Favourite in Element transfer Settings. Then head to the Parameters palette of the Curtain Wall Tool and make the changes you wish to make. Once you have done that then right-click on the Favourite you have already saved and select 'Redefine'. Hope that makes sense.
Lee Hankins ArchiCAD 4.5 - Archicad 27UKI Apple Silicon 5003 macOS Ventura (13.5.2)