The macro has a P-S, hi/lo gain, 6db bass boost (great for the ety-s) and crossfeed switches. Never using these, a noob may not see the need. There are so many different cans, that flexibility is handy. I don't listen to the ipod without the crossfeed. With the etys the bass boost is required. The hi/lo gain lets you listen to different impedance cans like Senns as well as Grado. The amp is decent with the 701. Of course the P-S switch is for folks like you that have the Ps.
I do hope Dr. Xin gets back on track with shipments. The sooner he gets caught up, the better my amp will be when I send it back for upgrades. I only use it in the car now a days with my RS-1s. I find the iems don't really gain that much more than my ipod. Not worth the hassle.
As to the options of op amps, determine your flavor. Detailed and crisp, more relaxed (tubey). Do you want more buffers for higher output current? For detailed info, Dr. Xin has the different op amps and their characteristics in the body of his website. Specific questions can be asked there but you will find most of them are also here.
Good luck and may you have pity on your patience.