I've just reset a bow with red upgrades and applied one blue upgrade to it, creating some... interesting (ineffective) texts...
- I have the bow, the Special Upgrade section showed my current red upgrade.
- I reset the bow, the Special Upgrade section was empty.
- I applied one blue upgrade, the Special Upgrade section displayed the blue upgrade and the former red upgrade at once.
- I logged out and back in, the red upgrade text is now gone.