BP is the barometric pressure. The usual is around 101 or there abouts. At a lower atmospheric BP, the engine will make less power due to the decreased density of the air. So with a lower BP, Shootout mode will correct the reading (ie inflate it) to match what the engine would make at roughly 101 (or whatever the Shootout mode considers standard). So like the temperature probe, false readings can give misleading dyno results. Ie low BP = increased power just like high ITs = increased power.
Anyways nice power man, keep up the good work. Once its finalised it must be a real beast, not that it isnt now already! And yeah, more details please!