An absolute gem of a find! I was getting frustrated with the slow “hover” workaround. Thanks for sharing.
Tip: I’ve also turned on “Show toolbar button shapes”, simply because it defines an area I can click into without having to activate a button if I was just wanting to move a Finder window. Previously I was unsure of how wide the “active” area was on a toolbar.
Old memory: I still miss Super Boomerang (last century?) which worked in with the Open & Save dialogue boxes especially for quickly locating a recent folder or file and also replacing an existing file with the same name. Monterey can do some of it, but not as well as SB. Monterey will only show Recent Places that the active application has used (not a recent place that may have been used by other applications).
"One More Thing …" (to borrow a phrase). Rarely do I use the Duplicate function in the File Menu for Apple’s apps. I constantly use the Option + Duplicate to get the Save As… option.
Bonus: Using Duplicate and Save As… does give slightly different “outcomes” as to how the file is saved and what happens with the original file. e.g. Duplicate gives you the option to “update” the original file to match the new one before closing, which can be messy and confusing, IMHO.

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