A cloud-based identity and access management service for securing user authentication and resource access
Hello @Stephen Bradshaw
Thank you for reaching out. I would like to confirm that Conditional Access Policy cannot be edited directly on Template creation blade. Policies created from Templates are usually defaulted to Report-Only mode. Admins can then review the policy and make changes as per their requirement from Azure AD Conditional Access >> Policies Blade.
I hope this helps and hence would request you to please "Accept the answer" if the information helped you. This will help us and others in the community as well.