This parameter depends on the characteristics of the transmission line, and "SR" is selected when the IL (Insertion Loss) is less than 10 dB.
This setting is mainly used for Chip to Chip communication.
For Backplane communication where IL exceeds 10dB, select "LR".
(Reference) Altera® Arria® 10 Transceiver PHY User Guide
https://docs.altera.com/r/docs/683617/21.1/arria-10-transceiver-phy-user-guide
(See XCVR_A10_TX_LINK under Transmitter General Analog Settings.)
Note that the tool assigns "SR" by default.
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Category: Transceivers
Tool: Quartus® Prime
Device: Arria® 10