Everyone in my club uses an electronic controller, either a Difalco or a 3rd Eye. One of the club members is a dealer, so we get to try the latest thing. At the end of the day a controller is either going to get you lower lap times or it isn't. I have tried a few controllers with adjustments that didn't seem to do much. Having an almost infinate number of adjustments is not always going to be a good thing, with too many adjustments finding that perfect combination could be like finding a needle in a haystack. I use a Difalco Genesis, it has 30 bands and the entire resistor network can be swapped for one with a different total value or for a custom made on that does not have linear steps. The controller has the heat sink, transistor and two relays mounted at the plug end. Power for the car does not go up to the handle and back. There is a 30 amp blast relay for full speed and a 10 amp relay for full brakes. When the brake control on the handle is used the brake relay is bypassed. The sensitivity control on the handle adjusts the point on the trigger pull where your car will start to get power, that is especially useful if you run on tracks with different voltages. The final control on the handle is the choke or "anti spin" control, it limits the maximum voltage that the car will see, which is useful if you are trying to drive an overpowered car. On my controller that feature is bypassed at full throttle, the controller can be ordered with a switch that disables the blast relay. With that swich on the car would not get full power at full throttle with the choke control turned up.
One drawback to some electronic controllers is that they do not have fine enough control. Most of them use resistors connected to the bands on the wiper pad. Because of the size of the wiper button there is a practical limit to how many bands the controller can have. Resistor controllers have a possible advantage in that respect, each turn of the wire is another band. 3rd Eye controllers have a wire wound resistor in place of the more common wiper pad and Slot.it controllers use a Hall effect sensor.