Also there is a guage on the dash called "Cowl Flaps". Now there is also a flaps guage too (obvious what they are), could someone explain these "Cowl flaps"?
Finally, is it important to adjust the mixture and prop speed? I never have done this even on the 182 and was wondering if it can boost performance. If so, when should you adjust
Supernova, yes, correct settings for cowl flaps, mixture, and pitch are essential to get good performance. If they're not roughly right you will have very high fuel consumption and the aeroplane will fly very slowly due to the engine being cold, the props racing, and the engine being flooded with fuel.
The cowl flaps 'work' on most of the default types, and require adjustment. Control is 'Ctrl-Shift-C' to close, 'Ctrl-Shift-V' to open. Keep them open for taxiing, takeoff, and climb, close them once you reach height (you should see the temperatures rise after they're closed). Open them again after landing.
Control for propeller pitch is 'Ctrl-F4' for fully-fine. Use fine pitch for takeoff and the final stages of landing. If you look at the rev-counter you'll see that when set at fully-fine the revs are almost on the red line. Once airborne, hold down 'Ctrl' and tap 'F2' to bring the revs down into the 'green zone.' Tap F3 to fine it a bit if you go too far. Once at cruising height, 'Ctrl-F2' again to bring the revs down to a sensible level - varies from one aeroplane to another but 2,200 rpm is about right for most types. On a landing approach, incrrease the revs to say 2,400 as you start your descent, then 'Ctrl-F4' for fully-fine once you're on final.
Controls for mixture are 'Ctrl-Shift-F4' for full rich, 'Ctrl-Shift-tap F2' to lean, Ctrl-Shift-tap F3' to enrich. Above 3,000 feet, hold down 'Ctrl-Shift' and tap 'F2' until the engine coughs, then tap 'F3' until it picks up again. To get the mixture exactly right, watch the CHT (Cylinder Head Temperature) and make fine adjustments until it is as high as possible for a given throttle setting. Put the mixture back to full rich - 'Ctrl-Shift-F4' - whenever you're below 3,000 feet.
On the Mooney or Cessna you'll see the blue pitch lever and the red mixture lever (bottom of the panel, next to the throttle) moving as you adjust them.
Sounds complicated but you soon get the hang of it. The reward will be MUCH improved performance and range
No need to remember all those key-strokes! If you go to 'Aircraft/Kneeboard/Keys' you'll find all the key controls set out in a table.
Hope all that helps. :)