So did I..Possibly, Efl, but I drew the 2 way switch schematic on a piece of paper and wired the live to one of the L1 terminals
Not at all.and from it you could clearly see you would get exactly the logic pattern that has been described by OP. (Sorry didn't intend to prove anyone wrong or anything just trying my bit to help)
However, as the two coms must be connected for the light to work it doesn't matter which is the incoming or outgoing.
Perhaps I should have just known - but didn't.Often if one jots down a problem on paper, it can become more apparent, other times experience would kick in and say yup i know what the problem is, but one can only get experience if thousands of 2 way circuits were wired incorrectly and one had to fix them on a daily bases.So theory cuts in.