What interests me more than anything though is the 1MB on board RAM. Makes no sense.
What else is in the autoconfig area? Note that there is a maximum of 8MB autoconfig memory/area in the machine. 2MB are already gone. A bridgeboard takes additional address space, and so do graphics boards. If the 8MB are used up, the GVP will not be able to add its memory to the autoconfig area and you see the red screen.
The jumper meaning is as follows: "Auto" means that the memory goes to the autoconfig area. This is recommended if there is room. If there is no room, you will see the red screen. If it is on "extended", it goes to the 32bit extended area, but will probably not be automatically added to the pool.