I recently bought a '95 GT with one of these on it. Coincidentally the ECU was fried so I didn't put this back on the new one.
FYI the dip switches have an on position as indicated, the other info is the manufacturer name and part# of the switch.
I know this post is old, but I couldn't find any information on this either, so here is some.
I emailed Hypertech and this is what I asked and what they said.
I recently purchased a 1995 Mustang GT with a 5.0 and automatic.
It has a Hypertech chip plugged into the ECU.
My question is, what do the eight dip switches do on the board?
The Part number is 554011.
Serial number 1070976.
The dip switches are preset and should not be used. The same board is used for multiple vehicles; cars and trucks and the switches must be in the correct position for that particular part number.
Does this do anything for the shift points and torque converter lock up?
No sir, we make adjustments to the air/fuel mixture and timing curve to increase power; we gained approximately 30 HP and 28 TQ additional power. Premium octane fuel must be used, no less than 91 and we recommend where available.