Well even in my case the gamma slider is blanked out if i select overlay..it only activates after i select All in 'Apply color changes to:' dropdown list... then even if i select individual channels in the channels drop down list, the gamma settings stays active..
i normally just change the gamma setting in the 'All channels' list..never actually tweaked it in individual channels...it helps if the image seems dark... btw, dont really think any1 changes the gamma settings in individual channels of R G B...:S