No it doesn't (neither does stock QOS).
Yes it is working. The fast version doesn't use those variables, that's why they are not apart of the debug output.
EDIT:
Also from looking at the last few debug logs and seeing common user preferences on Traffic Prioritization, For my setup I would be putting "Others" at least above "File Transfers". See "Issue 1" in the first post for reasoning! But there is no wrong or right setup, so enjoy however you decide to set it up.
Thank you, and I've taken your advice and moved 'Others' up.