The default action in a drop button (the one that appears first, as the "button") should always be the action that users want to do most of the time. Secondary actions should fall inside the "drop" and will require an additional click.
For the node type listing, the action that's in the button right now is "Edit" but most users will want the "Manage Fields" option here far more often than "Edit".

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@yorkshirepudding, In the end I fixed it by deleting the config/active folder contents, copying the config/staging/ files into config/active, importing the database again and clearing the caches...
Importing the staged config throws an error: another field with the same name already exists
Thanks, I have to go out now, I will try later on and report back
Importing the staged config throws an error: another field with the same name already exists
Hi Francis. Yes, what config do you have in staging for it? You might have configs like: field.field.field_video_embed field.instance.node.page....
Importing the staged config throws an error: another field with the same name already exists