Confirming this problem in PL 7.1.1 fresh install after an upgrade from PL 5. It seems to happen mostly with Local Adjustments (specifically, control points). Same symptoms as reported above: endless spinning “Correction Preview” thingy, followed by a requirement to force quit.
I have a couple of Mac core dump reports if anyone is interested.
Environment: MacOS 12.6.5 M1 64 GB.
ETA … One other note: When I return to the image after the force-quit, the changes that I had requested seem to have been applied.