The Auto-Wait timeout is usually applied to all keyword operations to wait for objects that are not immediately available.
I do think, that the "If Object"-Operation is - or rather should be - a special case.
As it is now, the operation does honour the Auto-Wait value when the check condition is set to "Exists".
However, when it is set to "Visibility" or "Enabled", "If Object" does immediately process the state.
It would be nice if "If Object" would use the Auto-Wait timeout regardless of the configured check condition.
Alternatively, a timeout parameter for the other conditions would be a nice-to-have.