I use the ‘Replace’ feature often when updating designs. It would be very helpful (time saving) if the Replacement item would carry as many attributes of the Replaced item as possible. Two very important attributes are the Component ID and the Visio drawing Layer.
Inside of the “replace” dialog box, in the top right, there are options to “Maintain Component IDs” and “Maintain Shapes” (and a few more). The maintain shapes function is only available when you are working on the project within Visio.