Screen Recording Panel is not responsive when editing video
When editing the recording, I select/highlight the video layer and go to Screen Recording Panel. It allows me to customise properties like Pointer Zoom, Click Effect, Size, Color, Duration, and Blur, but the changes are not reflect on the video. When editing on Video Panel, the changes are reflected on the video.
Here is a screen recording of the issue on CloudApp: https://share.getcloudapp.com/wbu8Z07G
Workflow Version: 10.0.3
OS: MacOS Big Sur11
Your video only shows Screen Recording Panel so I can't comment on the rest.
There are a number of situations where that is normal behavior. There are certain setups where you do not have control of the pointer as it's burned in.
For a more detailed answer I'd need complete system specs including the monitor configuration and how connected the exact version of Big Sur and browser you seem to be recording.