Hi Ray,
The L refers to local time.
The difference between Height and Draft, is that Height is the height of the tide above chart datum and draft is the depth of water that your boat needs to float. The CP-180 can calculate how much water is underneath you based on the time, date and chart information. This is useful for a grounding alarm, but needs to know how much draft your boat draws. The difference between the Height and Draft is the free water underneath the hull! Hope this helps
Paul Bigwood Standard Horizon UK