Now that we have icons in the admin menu, it strikes me that we could use the "Configure" icon instead of a button that spells out the full word. For example, on the Manage Display pages, a view such as this (admittedly only this many fields are likely to have a "Configure" option if you are using field_formatter_settings but it makes the point):

With a little modification (CSS only) we could have something more like this:

If people agree I can make a PR for Seven that would do this.
Recent comments
@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