Hey folks,

I'm sure this has been answered here somewhere but after half an hour of searching and roaming the internet for an answer I give up

I've just gotten a new P4P and I've noticed that the Flight Mode Switch is a bit different in comparison to my old P3 4K... What does the "On/Off" and "Auto Hold" mean & do?

Thanks!

It just means that Auto Hold (using GPS lock) is "ON" in "P" position & "OFF" in "A" (Atti) position. The middle "S" position is for sport mode.
See here.