update value with formula - no replace string option (Action Tool)

[RyanNewsome]

With the Action Tool, if you use the "Update Value" action type, you have the ability to check the "Replace a specific string" option

If you use the "Update Value with Formula" action type, you no longer have the option to Replace a specific string.

Can't think of any reason why we should not have the ability to replace a specific string while using "Update value with formula"

Please can you add this in next release?