Andrew:

But if I load video file (1 video track, 2 audio channel)
AND add effect to video track - I only can effectively switch on/off content/titltlebars for audio tracks!
Video track remain always with its content and titlebars. They sort of 'blocked' by effect track from
this change, even if I remove effect itself!

I was wrong, what I thought was a bug is just the patchbay at work to the left of the timeline. In the patchbay to the right of the default "Video 1" is a small right facing arrow.  When you add an effect the patchbay right-facing arrow "expands" to make room in the timeline for the effect bar.  And you will see that the right-facing arrow becomes a down arrow and the "Play track", "Arm track", etc. symbols all become visible. Once the patchbay expansion is enabled, you have to disable it to get back to the right-facing arrow space size.  That is why the title will still show, because it is expanded.  But you can un-expand it and then the title no longer shows. 

I hope this makes sense.   If not, I can add pictures!  gg/Phyllis