Like the other reply said, the coil cut appears to just work in cohesion with PI right now. Jake has stated he's already working on other useful things that require coil cutting though, so I can only assume 2-step/LC is right around the corner beta-wise.
The 2048 tq limit is (apparently) mostly targeted at manual users, but it's shown up in my logs at time on the 1-2 and 2-3 shifts as an AT when I was messing around with WOT shift points, so personally I flashed it this morning. Haven't given it the full test yet but I'm excited to.
So no harm in flashing this with AT ?