Sorry for any adverse effect on yer noggin
Yes, the maths/theory behind it might be a bit heavy but in practice it isn't so bad. Let me summarise:
1) The first knob affects the capacitive load seen by the cartridge. Even when set to zero the cartridge will see capacitance from a variety of sources, so the numbers can't be taken too seriously and the effects are somewhat unpredictable. Basically, suck it and see.
2) The second knob controls the number of turns on the primary winding. There really isn't a "correct" number of turns for a particular cartridge, so again, suck it and see.
3) The third knob controls the number of turns on the secondary winding. The ratio of primary turns to secondary turns gives you the turns ratio. Use this knob in combination with the previous knob to set the turns ratio you require. There's quite a bit of leeway when choosing the ratio and there really isn't any optimum or perfect match for any particular cartridge, so basically, suck it and see.
4) The fourth knob selects an additional load for the transformer (in addition to the 47k of the following mm phonostage). It will alter the load as seen by the cartridge and it will change the effects of inter-winding capacitance and leakage inductance on the transformer's frequency response. Without access to some measuring equipment the user cannot really know what effect the knob is having - other than listening for changes - so the only thing you can do is ... you guessed it ... suck it and see.