For as much as it does work, this works because it translates project formats between VST hosts, where you might run the same plugin that will be able to read its own data payload in the output project.
But neither ProTools nor Logic supports those VST plugins, and the embedded data for AAX and AU plugins are each encoded differently. There's no guarantee -- and generally slim likelihood -- that you could coax an AU or AAX version of some plugin to read data written by its VST sibling, and likewise any other combination. Even if you could pull it off in some cases, you can't get it consistent enough for professional use.
This sure to be a super useful project for some people, but it can only reach so far.