I can confirm it too.
I just reloaded Firmware 2.91 to compare, and "Stomp Select: Press" works as expected.
Updating to 2.92 again reintroduces the bug where "Stomp Select: Press" doesn't disable Touch at all.
According to Line 6 support, the expected behavior is that this setting only affects the Edit Mode, but not e.g. Snapshots copying or swapping!
That doesn't really make much sense to me, but there you go. I, for one, would enjoy to have Touch disabled globally.
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Interestingly enough: I have actually contacted the support because the Touch feature seems to be completely dead on the FS1 of my new HX Stomp, but it works (with the bug) on FS2 & FS3. But that issue looks more like a hardware failure to me. Even though I can't say I'm too unhappy with it, having one less erratic touch footswitch to watch out for.
(Disclosure: I do enjoy playing barefoot. ;)