Hi,
the I/O and no I/O means that with I/O you can use printf functionality via Debug probe.
The specs option shows which gcc args set was used for library build. You can find these files in S32DS Instalation - [YOUR_INSTALL_PATH]\S32DS_Power_v2017.R1\S32DS\e200_ewl2\lib\
for newlib are .specs located here:
[YOUR_INSTALL_PATH]\S32DS_Power_v2017.R1\Cross_Tools\powerpc-eabivle-4_9\powerpc-eabivle\newlib\lib\
Hope it helps.
Jiri