@Enginerd_0x12F - yes, it should be good if both devices listed the other as “seen”, then you have send and receive connectivity in both directions. Some MIDI cables don’t have all 5 pins, so this test makes a lot of sense, also to test your MatriX core.
Regarding the connects/disconnects: there is an inbuilt 5-second reconnection handler, so this might be the reason you see reconnects.
It’s not at all necessary to do right now, but i’d recommend to upgrade SEQ v4+ to the newest version listed on the MatriX page - this implements a bugfix in MatriX CC mode for SEQ v4+:
https://www.midiphy.com/en/matrix/
You can also test the other port (BLM2 on MatriX) and test with a LoopA, if you have it available 🙂.
But i think it looks good - enjoy the rest of the build and have a good weekend!
Best regards,
Peter