Total Commander

Create link n.lnk to C:\Windows\notepad.exe in let say C:\Tools.
Set Configuration→Option→Edit/Vew→Editor to C:\Tools\n.lnk "%1".
Try to edit a file (F4).
Total Commander throws message box "File not found! C:\Tools\n.lnk".
Expected behaviour is to execute linked target (with optional arguments contained in the link).

Confirmed

Currently it used WinExec, for historical reasons. I could change that to something newer like ShellExecuteEx, but I fear that it would break many configurations, so I prefer to not change it for 9.51. Maybe if you had reported it earlier in the beta test.