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Very responsive and a pleasure to customize, explains very well what all the options do
Would it be possible to have a gesture open up a menu with the list of recently closed tabs?

Это отзыв для предыдущей версии этого дополнения (1.7.0.1-signed). 

There is no function for a menu with recently closed tabs currently but you can use a custom script to invoke a menu of a different extension. Grab the latest version 2.0.1 of Mouse Gestures Suite, install Undo Closed Tabs Button extension and then add a custom function with the script that I have added to the documentation at http://lemon-juice.github.io/mouse-gestures-suite/scripts.html