When enabled, Rubrics, Item Banks, Attendance, and New Analytics are visible to faculty, but not to students. Since the visibility icon is supposed to indicated what elements are not visible to students, add that icon to enabled links that are still not visible to students. This will allow folks to put navigation links in the order that best suits them as the instructor, while still clarifying what students can and cannot see.
I've recently dealt with a faculty member who was trying to share a rubric with her class via Rubrics (not associated with a specific assignment) and also a faculty member who couldn't understand why her students could not see their Attendance.