Hello @ayarar
Indeed you are right, there is a bug regarding the selection of the HW part for KV5x from Model Settings of a Simulink model.
To overcome this, please use the file attached to this thread in order to fix the issue. Replace the mbd_kvx_check_selected_hardware_part.p with the one from the attached archive in the following location: {toolbox_installation_root}/mbdtbx_kvx/mscripts/ui
Let me know if you could download & access the content of the attached zip file and of course if you still had issues with changing the HW part of your model.
Regards!
Stefan.