Right now, there's only a way to turn off effects on the entire project. Some effects come with default mode at 100% and others don't.
Sometimes I want effects on by default but I don't want them visible in my editor while I'm making my game maps or moving pieces around. It's important I see my sprites. But I have effects on their families which make them all look like messes in the editor.
I thinik all effects should come with a preview button just like the new Sine and particles, and they should be kept on/off all the time.