If I create a view that has “hide design element from: Notes R4.6 or later clients” that has a shared column in it, when the shared column is modified the view is not updated. If I simply uncheck “hide design element from: Notes R4.6 or later clients” it updates fine. Seems as if the hide setting hides it from Designer when it goes to perform the shared column update 
Has anyone experienced this/can confirm this?