Ok, I've done some more testing.
as a reminder, this is being done in the 64-Windows version of Lazarus 4.6
I can dynamically create that component and it does not create an AV.
However, I put "HeapTrc" in play and I get memory leaks when exiting the Test app.
Also I just discovered a more bazar error and that is, if you use HeapTrc and simply do no more than include the "LazIndy" as a dependency without using any of the components, build the blank app, run and then exit, HeapTrc reports leaks!
Remove that dependency and no leaks.
It's strange that somehow just putting that dependency in there causes Head-Trace leak reports when no components are dropped on the form?
Jamie