I think we can all safely assume that the conditions on that permit are not identical to those on permit for the the flexwing microlight I was flying yesterday morning. The odds are that the wording on the permit for the MCR01 we're talking about are different again.
Once a CofA machine goes to LAA Permit, the flight conditions revert to those of the Permit,
The Jodel 1050s moved from CofA and although some were able to fly at night, the LAA Permit is limited to day VFR only. It makes no odds whether the aircraft is equipped for night flight or has a glass cockpit - IMC or night flight is not permitted, though it is clear some Permit owners do stretch the limits somewhat.
Whether these limits are sensible or not, the insurers will certainly take note