One Global Drop-Down List that Remembers ALL Settings

While having 3 separate drop-down lists may seem to give a lot of flexibility, for me, I would like to keep it simple & sweet and have just one drop-down list that remembers Everything - ALL SETTINGS. If I Change mics, I can just save another Global setup with all previous settings, but w/ updated settings for the new mic and label the setup accordingly. The key would be having enough Characters in the description to define the setup. Also provide a way to manually sort the items in the order we would see them in the drop-down list (for most commonly used setups first. Etc.) Can keep the existing 3 drop-down lists If felt necessary (Which I think just makes more work, but many will disagree I'm sure), but pls give us just ONE that will remember everything. - Thanks for the consideration, Phil N6ERP