Ok, here's the deal. 1.6 is considered the normal max for O2. I've got a friend that was in the Seals, and they pushed O2 rebreathers to 2.0 all the time... but 1.6 is a good Max... Padi says 1.4 max. Other agencies say 1.6 max, with 1.4 for strenous dives... the idea is you're breathing faster, so let's limit the O2 intake. Pick what works for you. 1.4, 1.5, 1.6 however conservative or liberal you want to be. I set mine to 1.6, but don't push it to that.
To set it, if you hold down both buttons for a few seconds, you'll see "Set 1". That is where you set things like mix, max depth... things you might change often. From the screen that says Set 1 if you push both buttons again for a few seconds, you'll see "Set 2". From there, one button will change what screen you are on... the other will change stuff on the screen. Hit the front button and it will scroll through settings like metric or imperial, time and date, etc. When you see PO2, it will say 1.4, 1.6 or whatever it is set for. By hitting the other button, you can switch that from 1.2, 1.3, 1.4, 1.5, 1.6. When you have the setting you want, just hit the first button again. Once you leave the screen, that setting is saved.
Make sense??