Hi MichaelDirnberger,
I go through the post carefully. May I know exactly which settings you would like to change with the ODT tool? if you would like to change update channel for Office 365, please make sure the scheduled task "Office Automatic Update 2.0" is enabled on the client devices. You may find the task from Task scheduler. For more information: Change the update channel with the Office Deployment Tool (ODT)
If you want to apply application preferences to an existing installation of Office, you may use customize mode. As described in the article:Apply application preferences to an existing installation of Microsoft 365 Apps
You may also manage Office settings with group policy, You may download the template files for this from the site: Administrative Template files (ADMX/ADML) and Office Customization Tool for Microsoft 365 Apps for enterprise, Office 2019, and Office 2016.
Regards,
Clark