^^ That's correct, the reload button doesn't work, also what's more, the first time you use the reload button on mp3 files (and any time you use it on AAC files) it overwrites the imported Grouping data with the information stored in the Label ID3 tag, reentering that data in mp3's seems to make it permanent though.
How many tracks are you editing? The way I did it was, once I'd finished labelling or grouping everything, I created a bunch of smart playlists for each label/group in iTunes, Imported each of those smart playlists into RekordBox (if the music's already in your RB library, it'll just add it to the new playlist) and then edit each label in one big sweep.