Threshold: the amount the arc voltage is allowed to vary above or below the target voltage before THC is activated.
PID-P, PID-I, PID-D : are basically standard PID parameters, most folk use the defaults of 10, 0, 0. You may need to increase Speed (P) if your Z axis is a bit slow.
linuxcnc.org/docs/html/motion/pid-theory.html
VAD Threshold: when the current velocity falls to this percentage of the cut feed rate then THC is disabled, it re-enables when speed has recovered to 99.9% of the cut feed rate.
Void Override: An adjustment for kerf crossing threshold voltage. For some folk(including me) this works, for others it doesn't. There have been complaints about it being wrong but I have asked several times for data to help in changing this but none has been forthcoming (it hasn't stopped the complaints though) . I am thinking of removing this totally from QtPlasmac and folk can sort out their own system of kerf crossing, I am past caring...