Awesome, both of you!
Speedy that dial is probably percentage of incoming voltage, not direct voltage. So 95 would be 95%. Most of the US is on 120V service, not really 110, but they say 110 colloquially. Most variacs designed for 120V go to 140V, and if yours is designed for 110, then you'll get slightly more out.
Just remember to not over-volt your devices. I do NOT trust onboard meters.
As mains are a voltage source, and not a current source, there will be relatively low voltage sag due to loading (it can happen, usually at the 10kW level or so).
Oh, and I really need to get a new variac eventually, I'm still using a 500VA one that I've repaired three times now. It screams when you pull 3KW through it, haha!