I just tried this with a NEW project:
1. Open new project with one midi track
2. Open PRV for midi track and enter several midi events after 1:03:000
3. Close PRV - At this point you have a midi clip that starts at 1:03:000 or later
4. Set now time to measure 7
5. Single Click on midi clip - this sets the selection time correctly
6. Double click the midi clip
At this point, PRV comes up and the selection beginning time switches to the now time pointer which is nowhere near the clip beginning time as was intended and set earlier...
This looks to be a defect to me. If someone can explain how this would be expected behavior, I am all ears.