Hi Prober,
The output power is incorrect in PowerSDR as we use a different measurement than openhpsdr. Perhaps Reid has updated this to read correctly in his PowerSDR fork.
To engage PTT, you ground the ring (middle conductor) of a stereo phone jack. Ground is the sleeve or the conductor farthest from the tip. The tip is for CW. There really is no need to use PTT via CN4. Most everything should be done over software. It is there for some special requests in the past. Ideally, you should only have ethernet, power and antenna connected to your HL2. This allows you to operate remotely or in the same room, with no differences.
73,
Steve
kf7o