P1S Speed settings on Panel - what do these mean?

Could not find a good page or forum topic that gives this information

Bambu Studio has 30 or more Global Process settings for speed. The panel has only Silent, Standard, Sport, and Ludicrous. How do these settings affect the speed settings made in Studio? Are the panel settings limited to, say, travel speed, layer speed, acceleration, or what? If I get a good print at Sport, how would I put these into the project in Studio so that I could reproduce those specific settings without visiting the printer panel, or overriding the speed in the Device tab?

Are there speed settings I should not increase if I roll my own “sport” or “ludicrous” speeds?