Adding text placeholder to the large master gives me the following list formatting:

Level 1: Arial (Body), 16, No bullet
Level 2: Arial (Body), 28, Green Square Bullet (100% size)
Level 3: Arial (Body), 16, Green Square Bullet (100% size)
Level 4: Arial (Body), 16, Green Square Bullet (100% size)
Level 5: Arial (Body), 16, Green Square Bullet (100% size)

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Checking the list formatting for an individual custom layout slide gives the following:


Level 1: Arial, 14, Grey Square Bullet (100% size)
Level 2: Arial, 14, Green Square Bullet (100% size)
Level 3: Arial, 14, Grey Square Bullet (100% size)
Level 4: Arial, 14, Green Square Bullet (100% size)

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Checking list formatting for an actual presentation slide created using the aforementioned layout gives the following:

Level 1: Arial, 14, Grey Square Bullet (100% size)
Level 2: Arial (Body), 2, Green Square Bullet (100% size)

"Tabbing" from level 2 to create levels 3 and 4 does add the indent however the list no longer functions like a typical bullet point list and attempting to "Shift-tab" to reduce the list level does not work. The formatting of what would be levels 3 and 4 is a size 16 Arial font with no bullets. Attempting to press tab to go to level 5+ does not do anything.