I had to clear the msfs bravo control profile (in-game) first in order to make it to work. I’d recommend leaving the original profile intact, create its duplicate and clear that one.
No need to install any additional software from Honeycomb save for the led lights fix. That one needs some tweaking too though in order to make it start automatically, please see this post: Honeycomb Alpha&Bravo - #92 by OnCourse2013.