I have an Inovelli Blue Dimmer 2-1 Switch that's hooked up to two Philips Hue recessed lights. When in Smart Bulb Mode, the switch will lose power as I dim the Hue bulb. Around 5% dimming, the blue led indicator on the Inovelli switch will begin flickering, as if it's losing power. If I turn the bulb itself off, the switch will lose power and the led indicator will blink Cyan until I turn the bulb back on.
With Smart Bulb Mode disabled, the switch functions regularly and pressing the down paddle will turn the lights off, while keeping power to the switch.
Worth noting: I had an electrician over today that took a look at it with me. He also looked at the Aotec bypass I purchased and installed it at the bulb junction box by connecting it to the white and black wires going to the bulb.