This section is easily confused with networking kernel. This is the DEVICE panel, it is not part of the kernel.
The settings here are very straightforward (again, once you skip the gibberish) you can safely set and forget with the following info.
dummy net driver and ppp are mandatory, don't even think about it.
SLIP is mandatory for DIALD (dial up networking), include it, you'll be so glad you did.
PLIP is mandatory for ZIP external drives and scanners