Currently, when you rename existing picklist values in the source org (including renaming the API name of that value), Gearset will deploy this to the target org as a new picklist value and deactivate the old value. This means we have to manually delete the value in the target org and specify which value to use to replace on existing records.

It would be great if Gearset could give the option to map a picklist value in the source to a picklist value in the target and allow a rename of the value in the target.