Turns out the latest version of CowTip causes the same problem as well. As long as I don't update either CowTip or Pitbull to the latest versions, the combo point text displays fine. Update either of them and they no longer display.
After the latest update to Pitbull, the combo point text for the target frame no longer appears. Under solo test mode, the [Combo] text appears. Outside of test mode, only the regular combo point dot graphics appear, but the 1-5 combo point text doesn't. Any idea what the latest update changed to cause this? Reverting to an old version of Pitbull solves the problem so it's definitely something in 80795 that's causing it to only appear in test mode, but not normally.