When a TsColorBox is set with ShowColorName and it is selected then when using the down key the contents is drawn with the colour name over the coloured area – only the black border at the bottom of the coloured area is visible.
If I select it from the drop down list, or use the up key it draws correctly – with the name to the right of the coloured area.
The attached image shows the issue.
It shows two TsColorBox controls both set to Navy.
In the second I selected the colour before navy, closed the drop down, and then pressed the down key.