Toggle is on off switch to show items
Hold is where it only shows items when the button is held
Timed I'm not sure since I've never used it.
Ok, I’ll check if that changes anything (I play with controller or SteamDeck). My sense was that this setting makes no difference.
I have one option for items in general and one for loot filter. I can have either one in different setting one in hold, one toggle etc. but imo doesn’t matter still everything is displayed