The "All nodes" option in the drop-down menu is intimidating.

It doesn't imply configurability and I personally initially thought I was doing something wrong and was missing an option or something. How about relabeling the entry to "Selected node view modes..." or "Specific node view modes...".

Note: I intentionally suggested the use of an ellipsis (...) at the end of the entry because in most applications (on Windows at least) having it in a menu signifies that the user is to specify additional settings in a next step. If you think this is a good idea UX-wise, then perhaps also add it to the "User defined nodes" entry as well.