I think it's a bit irritating because the indicators don't have a fixed position -- and there are two different indicators...
-- one for Network/Voice (signal-strength for low-levels, LTE and VoLTE)
-- one for Data (wlan-signal-strength, 4G, 3G, ...)
The Data-indicator is only visible while a connection is active - and 'normal' LTE can't combine with '4G' while an active call - VoLTE can.
('normal' LTE will switch down data to 3G whie a call)
When it comes to the 'deferred' switching -- on my device after enabling VoLTE it needed a reboot and 1-2 hours to switch to VoLTE...
(probably there is some kind of auto-/ota configuration involved)