New macro, new module

You could just record it and then move it where you want ...

I've never looked hard because I see no value in it, but I've not seen anything in the UI to support it.

I suspect you get a new module for a new recording session. In my experience, if I have existing modules and start to record a new macro, I will get a new module. Subsequent recorded macros go in the same module.

Like shg, I’ve never paid a lot of attention to the logic. Most times I’m going to edit a recorded macro anyway so I usually make a copy, put it where I want it, and then edit it. That way I have the original to refer to and I can delete it when the edited macro works as required.