The syntax for the parameter file may be correct, it depends on how you are using them in the display.
It is an absolute, direct substitution.
In a parameter file for example:
#1=[MyIOServer]
#2=[TheOtherServer]
In a display, say on a visibility tag:
#1MyIoPoint
On loading the display, with that parameter file, the tag would expand to [MyIoServer]MyIoPoint