The update that was released today broke the chrono. It now acts like a countdown no matter what you set it to. I've tried manipulating the settings in the settings file as I had to do in the previous version to get it to save and I tried to get it to work in the program itself.
I'll have a look, this could indeed be an oversight.
And what do you mean by: "I've tried manipulating the settings in the settings file as I had to do in the previous version"
There was no need for that in the previous version whatsoever. Are you sure you're using the widget from the correct location? All widgets are stored in the user documents folder, not the TeeBoard installation folder.
EDIT: I just checked and the CountDown widget works fine here, I can select all three types and the widget displays them correctly. Again, my guess is you're using the wrong files. Read the help (F1) and use the folder icon at the top right of each widget to automatically open the correct location.