what does Artifact slider mean

in new Horizons update v1.6, there is a slider for artifacts. As I assume based on the description "artifacts per player" moving the slider to say 16, means that there will be aboutn 16 artifacts that can be found per player. However, ive played 2 10 hour sessions with 10 players and NO crazy drops.

I then assumed that once past 10 artifacts, the slider goes red. But why allow a range of 0-99 if after 10 its obsolete. I played a session with 10 players with the slider set to 10, and the drop rate was lackluster like before.

Does the slider represent number of artifacts per player or PERCENTAGE of drop rate per player??

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Actually, is there a readme for what those settings on the creator tool are?