Okay, here are the options from the emptool source:

         Option                    Hex            Binary          Decimal

PLAYLIST_OPTION_ASONE             0x002    0000 0000  0000 0010      2

PLAYLIST_OPTION_NOGAPS            0x004    0000 0000  0000 0100      4

PLAYLIST_OPTION_RANDOMISE         0x008    0000 0000  0000 1000      8

PLAYLIST_OPTION_LOOP              0x010    0000 0000  0001 0000     16

PLAYLIST_OPTION_IGNOREASCHILD     0x020    0000 0000  0010 0000     32

PLAYLIST_OPTION_CDINFO_RESOLVED   0x040    0000 0000  0100 0000     64

PLAYLIST_OPTION_COPYRIGHT         0x080    0000 0000  1000 0000    128

PLAYLIST_OPTION_COPY              0x100    0000 0001  0000 0000    256

PLAYLIST_OPTION_STEREO_BLEED      0x200    0000 0010  0000 0000    512

The two listed in red are marked as unsupported in the source code, and are actually commented out, and the next three would seem to be the only ones relevant to the empeg.

Edit: Wait -- we have the stereo bleed, too, don't we?