I have one. Decent little meter, operation is fairly straightforward. What exactly were the questions regarding operation?
For output, select appropriate level from the far right knob and read from the appropriate scale. IME I found that the FWD and REV positions operate much like an AVG and PEP indicator respectively. The position of the black switch has no effect in the PWR mode.
For modulation, select the MOD position on the far right knob put the red switch in the FWD position and the black switch in CAL. Key the mic and use the RF LEVEL knob to adjust to the CAL position on the meter. Then put the black switch in the MOD and start talking. Modulation is read on the bottom scale.
For SWR select SWR mode on the far right knob, put the red switch in FWD and the black switch in CAL. Use the RF LEVEL knob to adjust to the SET line and then put the red switch in REV. This will provide an SWR reading as seen on the top scale.