That is indeed true.
I thought it would be a "secret" parameter to call the slider setting directly like the bios selection for example:
#
# CORE MISC OPTIONS
#
bios 0
where the bios are numbered as followed:
0 Europe MVS (Ver. 2) (default bios)
1 Europe MVS (Ver. 1)
2 Asia NEO-MVH MV1C
3 Asia MV1B
4 US MVS (Ver. 2?)
5 US MVS (Ver. 1)
6 US MVS (4 slot, Ver 2)
7 US MVS (U4)
8 US MVS (U3)
9 Japan MVS (Ver. 3)
10 Japan MVS (Ver. 2)
11 Japan MVS (Ver. 1)
12 Japan MV1B
13 Japan MVS (J3, alt)
14 Japan NEO-MVH MV1C
15 Custom Japanese Hotel
16 Universe Bios (Hack, Ver. 3.3)
17 Universe Bios (Hack, Ver. 3.2)
18 Universe Bios (Hack, Ver. 3.1)
19 Universe BIOS (Hack, Ver. 3.0)
20 Universe BIOS (Hack, Ver. 2.3)
21 Universe BIOS (Hack, Ver. 2.3, older?)
22 Universe BIOS (Hack, Ver. 2.2)
23 Universe BIOS (Hack, Ver. 2.1)