I was having a similar problem, but in my UI from three NSMatrix radio controls in different places (different views in different xib's) two were displayed correctly on 10.7, one not. I tried different things, in the end I deleted this NSMatrix and placed it again. I unchecked both "Automatically Resizes Cells" and "Auto Calculates Cell Size" in the size inspector. And very important: I checked all auto layout constraints in the whole view and made sure that all objects have vertical/horizontal spacing (between each other) or leading/trailing space to superview constraints, the top object a top space to superview and the bottom object a bottom space to superview constraint. Et voila, it's showing up finally also on 10.7!
Hope you can solve your problem in a similar way. Looks like NSMatrix is acting very diva-like on 10.7 with auto layout!