I am pulling this thread back up because I have a similar question...
I have Lightroom Classic CC, and use Olympus lenses. I do get the message in the Lens Correction Panel that my lenses have built in Lens Profiles for CA and/or Distortion correction (depending on the lens). When I toggle the check boxes and/or Lens Correction panel on/off, I can see very subtle changes made to deal with fringing (though I oftentimes need to add more, particularly for purple fringing)... proof that the CA correction is doing something, at least. However, no matter what I do, I see absolutely no changes made to distortion correction. This is even true with the 7-14mm Pro at 7mm, where there is obvious distortion in the corners. Manually applying distortion correction clearly makes a difference, but the automatic distortion corrections do not seem to be doing anything at all.
I know that on earlier versions of LR, this section was handled differently and that there were automatic distortion corrections applied (with effect) to Olympus lenses, even ones that don't claim to have such profiles now (the 8mm FE is one such). However, I also have heard that they weren't as effective as other distortion correction applications.
Has anyone else noticed this or perhaps knows what's going on? Is there a setting I need to change to enable automatic distortion correction? Were the automatic distortion corrections disabled in Olympus profiles because they weren't doing a good enough job? Or are the distortion corrections being applied, but can't be turned off and are so subtle that I'm not even registering it as having been done?