Cannot get Naming standards Utility to apply the naming

I have created a Naming standards template and applied bindings.  When I pull up physical tables, I see the template in the bindings.  So far so good.

Now I want to "apply the naming".  I assume you do this with the "naming utility".  I pull that up, select the template on the first tab, navigate to the second tab, select the objects I want (tables, indexes, foreign keys, columns), and click "run translation".

Nothing is renamed in the model.  Is this only supposed to be applied during  Database Generation?  It does not.

I know this must work, but I cannot figure it out.  Also is there a better section to log this?