Render Pipeline Converter: Built-in Cutout material is not converted properly to URP, cutout effect is lost

Steps to reproduce:

1) Download attached project and open in Unity

2) Open ReproScene

3) Install "Universal RP" package using the Package Manager

4) Go to Render Pipeline Converter: Window >> Rendering >> Render Pipeline Converter

5) Make sure converting is selected to "Built-in to URP"

6) Eanble all converters

7) Click on "Initialize Converters" button

8) Click on "Convert Assets" button

9) Go back to the Scene view and notice that Cutout effect is gone

 

Expected result: Alpha Clipping checkbox should be enabled by default, since Built-in material had Rendering mode set to Cutout before the conversion

Actual result: After the conversion Cutout effect is gone, and you have to manually enable the Alpha Clipping checkbox

 

Reproduced with:

2021.2.19f1; 2021.3.20f1; 2022.1.24f1; 2022.2.12f1; 2023.1.0b5; 2023.2.0a7