Works fine on FV. It comes ready to put on instead of the player's helmet. The convert is to change it to an "augment" to fit into the HF slot 21 on the helmet itself. It has to be in an open inventory slot to convert, not in a bag
It works in a bag slot. Check closely, it goes to the same slot it was in not to the cursor. One is named Ornamentation, one isn't.