I need a bit more explanation on the anchor and editing features too.
Some helpful information is here
http://kinook.com/UltraRecall/Manual/editordialog.htm
Use syntax coloring editor for text files: If checked, a syntax coloring text editor will be used to edit imported plain text files. This can be useful for editing source code files and snippets for languages such as C++, C, C#, ASP, VBScript, JavaScript, XML, and Lua. In addition to syntax coloring, the text editor also provides code folding, auto-completion (Ctrl+Space), bookmarks, line numbers, and more.