I tried those sliders last night, here are some impressions.
First thing I noticed is how nice the menus are. No lag at all, easy to get around. This should not be underrated, given how bad menus are on some new games.
Game modes/features actually not bad. There are no spring drills, no classic or 1-A teams, etc. But there is Dynasty and Season mode, and you can create players and schools.
In-game graphics are definitely showing their age, but enjoyable in a retro sort of way. The players actually look pretty good, but stadiums, crowds, etc are lacking.
I really enjoyed the gameplay. The players are very responsive, you don't feel like you're fighting to gain control like you often do in current games. The cpu called a smart game (smart enough, anyway) and put up a good fight. I played Oregon vs. Nebraska and was tied at the half before I had to quit the game.
The biggest problem with the game which would keep me from playing more often is the playbooks. Just too limited compared to the games even just a couple years later.
Are you sure those sliders are right, as far as WR Catch? Seems low at 5. Receivers were dropping easy catches. Do you get realistic passing stats with these?