I am sure there is a better technical explanation than what I could give, but your analysis seems fair. I assume you watch the little preview window on your power fractal as you change those values? I adjust smallest scale for sameness of features, avoiding variation sometimes.....
Displacement will also enter in....as 5000 gives you a mountain in your terrain fractal and 100 gives you the flatlands......
Displacement on objects can get very interesting, trial and error, but usually smaller numbers work best.