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The option to set the power button sleep feature is available in Onyx under 'Parameters / Login'

Interesting! I downloaded Onyx for Lion and the option doesn't appear to be there for some reason. I keep striking out here!
 
Yeah, that's not the same ... hot corners don't allow computer sleep (nor should they).
screen-shot-2019-04-19-at-11-21-01-am-jpg.832900

OK but if you didn't change your Energy Saver settings, the standard timeouts are set to 10 minutes, so at least you will immediately gain a big saving by sleeping the display, then 10 mins later if you don't touch it, the computer will automatically go into sleep mode. Perhaps the overall cost difference will be 4 or 5¢ on your electricity bill.
 
The option to sleep the system when pressing the power button can be enabled by running the following command in terminal

Code:
defaults write com.apple.loginwindow PowerButtonSleepsSystem -bool yes

to disable run

Code:
defaults write com.apple.loginwindow PowerButtonSleepsSystem -bool no

Apologies for dragging up this somewhat old thread but it was the best I could find relating to my issue -

I'm on an intel 16"MBP running Catalina, and the above terminal command does not work for me unfortunately.

I have Onyx installed and I can see the option that has been mentioned under parameters > login but can't use it (it's greyed out).

Downloaded Tinker Tool 7 and the mentioned option is available there yet checking / unchecking the box does nothing.

I did log out / log in / restarted the machine after trying all these procedures, to no avail.

Any other ideas anyone?

Thanks!
 
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