Russ,
We recommend that you get away from using the automotive presets as soon as possible. They are great for example study and the library is a good read but these are not optimized for best results to use for live work.
Take the ABS analogue selection, for example. This is set for AC coupling. That is incorrect. You need to use DC. And, yes. That preset displays the bug quite nicely.

It should work OK boosting samples to 200kS or higher.
If this results in a hairy waveform, simply dial in some low pass filter after you have captured it to clean up as desired.
Running with filter can reduce sample rate. In streaming mode you will not see the filter effect until the capture is finished anyway. Just run without filter and filter your capture afterwards.
We don't usually provide specific PicoScope help outside of the Picogroup area but this is an issue where a software bug is involved that has a simple workaround and we want eveyone to be able to use this release.
Thanks for sharing this with us. We have had only a few mention this issue and only yesterday was I able to duplicate it and see what was happening.