We want to let you know that the Word team has heard your feedback, and they’re planning to restore right-click access to AutoCorrect options in Word 2016. If you’re an Office 365 subscriber, you should see this change in a future update.
As always, thanks for your feedback. We appreciate it!Chris H commented
It's July 2018, and I'm still waiting. My ol laptop died and now I have to start building my beloved AutoCorrect library from scratch - such a pain without this