Must admit, I've been having problems as well with Versioning, the write up sounds good but in practice its proving impossible to use effectively
The only way to version more than two files seems to be manually, which is not practical timewise. In my storage structure the Master version will be in a separate branch from the root directory to where the processed and thumbnails etc would be located, so Current and Sibling folders don't apply
The limitations in selecting which file belongs to which placeholder also seems restricted, based only on file type it seems, I would have thought image dates, file dates and dimensions would be criteria we could use ?
My original thoughts would be that I could use the Timeline facility (image capture date) to group all the images together, followed by file dates and image sizes to specify the placeholder names.
Is there a Help file at all on using the Versioning facilities, maybe I'm missing something ?