It will read anything the computer reads.
EGT's will not work for my 2000. I have no idea if the 6.0 or newer trucks have the ability. OBS definitely not. Need a separate gauge for this.
I can read:
EOT
PW
Battery Voltage
Air temp....the sensor that goes into a stock intake setup.
EBP
Load %
ICP
Boost up to 23 ish PSI. Nothing more than the MAP can handle.
There are other things to monitor but these are the ones I look at. Honestly, it was cool for a bit, but I now use it to diagnose and thats about it. For $25 total its worth it. I also use it to read codes on other vehicles we own. So it has that ability also.
For editing, I have an android phone. All I have to do is hold my finger on the screen and it allows me to edit the PID's. When I close out and reopen it has the PID's that were there the last time I closed the app....