Yes and no.
Behavior:
Now, the images do change, but they take some time, and are not entirely synced up to the preview in the window.
On the first initial load, it did load the wallpapers on each monitor. This is good.
However, when using the cotext menu's "Load next slideshow image" it would take some time to sort the images. This in itself is fine, but it didn't seem to switch until the moment I brought up the settings menu.
The images were different in the settings menu when it came up, and then set to the images in the preview as expected. This is also good.
After bringing up the settings menu, I wondered "Would the image change if I left the settings menu up?"
It would then change the images, but to a set of images which did not reflect the settings menu.
This is where the odd behavior would begin. The preview window would now have changed, however the wallpapers would not have changed by this point.
I feel like I'm not overdoing things, and being patient between each call. I'll attach the log here, and a subsiquent image of the behaviour. While the images are displaying, it is fine. However there is some quirky behavior that may lead to the discovery of the underlying issue in this regard, as you've come so far already.
I hope this helps.