PAD3V5V pin determines length of the edges for output drive pads to keep the rise time the same for a 3V configuration and 5V configuration.
The OSCILLATOR MARGIN bit is provided for adjusting oscillation margin at higher frequencies.
It is recommended that OSCILLATOR_MARGIN = 0 for 4MHz and OSCILLATOR_MARGIN = 1 for 8MHz, 10MHz, 12MHz, 16MHz frequencies.
Both bits are basically specifies drive strength of these pads.