I was more referring to using more than one PC to check your emails on and the saving Outlook Settings to the Cloud would allow you to sync your settings on both assuming you are using the same Microsoft Account to log into them.
But where you are not seeing that option you are either not using the cloud to save your Outlook Settings, or it might be using OneDrive.
I am using Microsoft Office Home and Business 2016 v 2307 (Build 16626.20170 Click-to-Run) so things may differ.
But try to do all what I did apart from the Cloud part, so parts 1, 2, 4 and 5.
At some point I will be upgrading to Microsoft 365 which will get me the latest Outlook version so might be able to see if that has any issues due to Micrsoft seem to be dragging their feet here on fixing the issue.