There are two on-board switches on the circuit board. Switch 1 (SW1) controls the whole ignition timing curve (to be more advanced or retarded/delayed) which has the most affect at mid RPM.  Switch 2 (SW2) controls the amount of retard curve to the timing after 3600 RPM without changing the low RPM timing. So it has the most affect at high RPM.

Below you can see the graph for switch 1 and the resultant timing curves resulting from what the switch positions are.

DETERMINING BEST SETTINGS: You can test the settings for your bike to see what works best. Jetting, porting, compression*, and exhaust pipe all affect the needed timing. Test SW1 at idle and going up hills and test SW2 for top speed on a level road. Which ever settings allows the best power are the ones you should use.

HOW TO UTILIZE THE SWITCHES: Just remove the boxes 4 srcews with a small Phillips screwdriver. If your screwdriver doesn't fit in the screw head properly then it will slip when turned. Don't go any farther if this happens. Go directly to a store and buy a fine-tipped screwdriver that will work properly. Otherwise you will ruin the screw heads. Once the box lid is removed you can see the switches and easily change their lever positions using your fingernail or a small screwdriver.