I've encountered a problem launching shortcuts in the 1.5 series of builds (most recently 1.5.0.2375). The defect manifests in launching .lnk shortcuts to Macrium Reflect-generated .bat scripts, e.g.:
target: "C:\Users\John\Documents\Reflect\I3670 Backup.bat" -inc
A cmd window is launched which then executes the batch file without the switch trailing the quoted target.
This problem does not exist in 1.4.0.2293 (and earlier versions) which directly launch the batch file with switch.