If you are acquiring an image with brightfield illumination, the time delay is used to allow time for the stage in XY to stop moving and any vibration to die down.
For your test montage:
This option has no effect on 3D scans.
Removes rows and columns of pixels from the edges of each field of view (image tile).
This option allows you to correct for spherical aberration or a video card that acquires with a black or white strip on any of the image edges.
Try a test acquisition with all of these values set to zero, and increase them if there is a problem in the final image.
Blends the edges from each field of view smoothly.
Use if the image scan type selected in step 1 is scan inside Contour only.