Hi Mira_Ghaly/Iddy,
Thank you both for providing your experiences. I'm getting mixed results and don't know why other than its some type of BUG or I need to do something different with custom tables/lookups!
Recap:
I'm using Dynamics 365 for Sales Ent. (Online).
I created a "unmanaged solution" to hold all my custom STUFF.
I created multiple custom tables (they are the standard ones not Activity Type)
I created cloud flows to trigger when rows in these custom tables get modified (specific columns using column filter).
In testing:
Using OOB Account, Parent Account Lookup (parentaccountid) with the column filter triggers the flow.
Records:

Column Name:

Flow:

Select Test 1 in Lookup field:

Flow Run History:


Using custom tables/lookup columns with the column filter doesn't trigger the flow.
I use the same process with custom tables and lookups and it won't trigger! What the heck!!!! Why doesn't it work the same for custom tables and their lookups?