I play on Steam with a controller, and my binding for finishers works on enemies except for lightbearer ghosts. On normal enemies, it starts a melee animation, then confirms I'm using a finisher, and executes. But against lightbearer ghosts, it works about 10% of the time and I end up just whiffing punches.
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It has been mentioned, in game I believe, that custom key binds might not always work how you expect. It's taken me a while to get my controller setup how I want.