Hi @Grandfather ,
Thank you for your report. Your observation is true for all Config Tools, i.e., also for Peripheral Tool and Pins Tool. These tools provide no easy means to discard all pending changes and reload the "*.mex" file. I wonder why NXP forgot to implement this function.
In any of the Config Tools, I'm using the following workaround to discard all pending changes and reload the "*.mex" file:
As a prerequisite, you need to have a second project open.
Then, if you want to discard all changes, you simply switch to the second project using the project drop down menu in the toolbar:

This will trigger a window asking whether you would like to save your current configuration of the first project.
Press "No" button.
This will load the "*.mex" file of the second project.
Now use the drop down menu to select your first project again.
This will load the "*.mex" file of the first project.
The "Update Code" icon should be in grey color now (except if the *.mex file had been created by an older version of the Config Tool).
Hope that helps.