I had not realized this was a bug or lost feature. I just thought I forgot how to do it.
When I design a mold I build a positive (casting) and then use a Boolean subtract to remove it from a block to create the mold. That is what I export from CAD to import into CamBam to do the CAM work.
However, sometimes I get an STL file from a customer, and the only practical and efficient way to make a mold from it is with backface. Its not a tool I use very often, but it is an important tool. Sometimes its the only practical and efficient way to do the job.