Here is what Raceme says about what parameters are set for each switch.
1 Stock = 30hp with all other params on default
2 tow = 60hp with all other params on default
3 sport = 120hp with all other params on default
4 performance = 150hp with all other params on default
5 race = 200hp with all other params on default

I am waiting to hear the transmission tune is set or left at default as well.