mine reads "v 1.15" but i got it used so it may be one of the early versions.
re. my settings, i usually just set the drive frequency depending on the ff:
slippery track = high frequency (7.80khz and up)
high grip track = low frequency (5.86khz and below)
modified motor (usually 9, 10, or 11 turns) = high frequency
stock motor (ROAR, 23 turn, 540 mabuchi) = low frequency
i havent experimented with the other parameters yet. hope this helps