John, I was told that the difference is what boost pressure the EZ has to see before it adds fuel. 1=20PSI, 2=10PSI, and 3=2PSI.
I had mine at 3 and changed to 2 without any SOP difference. I am just curious where everyone else has theirs set. BTW, I am using the OEM boost elbow, I want to get a feel (via yet-to-be-installed gauges) for how it runs before I change to the EZ supplied elbow.