Agreed. Less 2-click workflows.More 1-click workflows. Scrolling is much faster and easier than pointing and clicking anyway. And if someone really wants to scroll less, they can keep the sections collapsed until they need them.
Minor tweaks to the current style panel would be better than this huge overhaul that forces all your users to relearn new slower workflows and memorize new unintuitive icons and reading more text labels. The old icons were way more intuitive anyway. Especially the position and overflow icons.
6 display buttons with 1-click access is better than the 2-click pop-up menu workflow. And I understand you plan to add more stuff down the road. But if you need to add a new display icon in the future, there is room for 7 icons. Just look at all the wasted space to the left and right of the display icons of the current style panel. Or look at the text alignment icons of the current style panel, you fit 7 there. Please go back to 1-click workflows!