Using the latest firmware 1.40A. I’m trying out the arpeggiator for the first time and although it seems fun and powerful, I can’t get the most common arp techniques to work.
I created a 3 step pattern using the values 0, 4, 7 (this would be a major chord) and set the arp mode to TRUE and leave range at 1OCT.
When I play a C note on an ext keyboard, the arp plays as expected C, E, G, C, E, G etc. So far so good.
But then I try to change the arp mode to something else and none of them change the order of playback except for the last RND. The UP, DOWN, SHFL, CYCL all sound the same as TRUE.
So I return mode to TRUE and set the range parameter to 2OCT. What I would expect to happen is this: C0, E0, G0, C1, E1, G1, but instead it is playing C0, E1, G0, C1, E0, G1
I can see how that can be fun in some situations but it’s not how other synths would typically play an arpeggio. It’s not a very natural progression of notes if you picture someone playing an instrument. So I try to figure out how to make it do C0, E0, G0, C1, E1, G1 based on my 3 note sequence, and I can’t figure it out 
And even with the range setting at 2OCT, there is still no audible difference in the modes except TRUE and RND.
So I’m hopeful that OT is capable of playing a standard arpeggio, if I could only get the mode setting to work…
I am very tempted to think that this is a bug, but it would be such a critical one that I’m assuming I must be missing something. What could it be?

In the setup page I guess you would typically keep everything at offset 0 and play with the pattern length in combination with muting steps.