The grandparent is talking about parity, data bits, and stop bits[0]. Different serial communications protocols had different framing needs. If you were dealing with PC-based BBS's, for the most part, you wouldn't have run into anything aside from N81. I didn't see much E71 outside of X.25 networks.
[0] https://www3.nd.edu/~lemmon/courses/ee224/web-manual/web-man...