How does this differ from orthogonal-grid mode analysis?The quantities obtained are similar, but the discretization differs. Triangular finite elements can be laid out along material interfaces, so the further the cross-section departs from rectangular, the more the two differ. The normalization convention also differs: here each mode is normalized to carry 1 W of power.
How many modes can it find?You specify the number of modes to find. Alongside that, give either the effective index to search around or the setting that searches near the maximum index in the mesh. Mode selection is not automatic.
Is there a guide to mesh settings?The defaults are 1 edge per wavelength and polynomial order 3. In an Ansys example, 5 edges and order 10 brought the difference from the reference value to within 0.005%. For geometry with no curved surfaces, raising the polynomial order is considered more effective than refining the mesh.
Can it give leakage loss into the substrate?Yes. With PML boundaries, the fraction radiated into a high-index substrate can be obtained as loss. That boundary condition was added in release 2021 R1.4.