Does Smart Transform do anything else? Why not have it so that toggling the option (with ALT being the kb shortcut) does the required job? Why add the task of having to ensure Selection Bounds Handles are showing?

I would like to add that developing and updating software is hard, and Xara, in all it's forms, isn't a simple piece of software. I appreciate the work done and understand that what appears simple and obvious to the user is easily skipped over during development.