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We have been using FlexSlider with a Field Collection field and up until recent updates the Format Flexslider was available under Manage Display. However after updating all modules and core to 7.20, and FlexSlider to 7.x-1.0-rc3 we find that the Format Flexslider is only available for image fields. It is no longer an option when setting the format for Field Collection fields.
Has support for Field Collection been dropped or am I missing something?