The Monitor Options

These buttons allow switching the monitoring mode globally, for all the tracks at once. The monitoring mode allows to decide what the user wants to be listening to, between:

All In: all the tracks play what's on their Inputs.
All Disk: all the tracks play the actual content of the playlist on Disk.

The Auto Input switch allows Ardour to auto-select what is played, which is:

When not playing: all tracks are on In (to listen to any connected source)
When playing, all tracks are on Disk (to play whatever was recorded on those tracks)
When recording, on rec-enabled tracks: In and on non rec-enabled ones: Disk

The Latency Compensation Info

This section show information about the latency compensation Ardour sets to align all signals in time whatever their route (and processing applied).

The only button Disable PDC allows to enable/disable the Plugin Delay Compensation. Enabling it will make all signal perfectly aligned, while disabling it will reduce the delay, at the expense of slightly misaligned signals for tracks that have plugins introducing latency.

The two infos are:

the worst route latency
the I/O latency, i.e. the worst latency pre-roll

The Playhead Options

Those 2 buttons control the behaviour of the playhead:

Follow Range is a toggle that can be used to control whether or not making a range selection will move the playhead to the start of the range.
Auto Return is a toggle switch too. When active, pressing the Stop button returns the playhead to its previous position, and when inactive, pressing Stop keeps the playhead at its current location. Activating Auto Return can be useful for hearing the same piece of audio before and after tweaking it, without having to set a loop range on it.

The Status indicators

The Status buttons show the current session state:

Solo	Blinks when one or more tracks are being soloed, see Muting and Soloing. Clicking this button disables any active explicit and implicit solo on all tracks and busses. Clicking this button deactivates the solo on every track/bus.
Audition	Blinks when some audio is auditioned, e.g. by using the import dialog, or using the `Audition` context menu in the Regions List. Clicking this button stops the auditioning.
Feedback	Blinks when Ardour detects a feedback loop, which happens when the output of an audio signal chain is plugged back to its input. This is probably not wanted and can be dangerous for the hardware and the listener.

The Monitor Section Info

This section is only useful and active if the session has a Monitor section. The three buttons are exactly linked to their counterparts in the Monitor slice of the mixer, but as they sit in the toolbar, remain visible even in Editor mode.

The three buttons are:

Mono: sums all of the paths to a single mono signal and applies it to all Monitor Section outputs.
Dim All: Reduces overall monitor level by the amount set with the Dim level control.
Mute All: Mutes all monitoring.

The Mode Selector

The Mode Selector allows switching between the Editor and Mixer windows. If a window is detached, the corresponding button is lit in blue. Clicking the button switches the detached window visibility.

The global meter shows the levels of the master's output. Its the same meter that sits in the Master's Mixer strip, and also shows a peak indicator, that turns red when any level exceeds 0dB. It can be reset by a Left click.

The buttons in between the Mode Selector and the global meter are script buttons, which are user-definable buttons to attach any session lua-script to.