The Overlap setting adjusts the size of the FFT window, relative to the number of FFT bands, for analysis and synthesis. A large setting (4x) differentiates better between frequencies that are between bands but responds to amplitude changes more slowly.
Click the Time Scale button for time scaling, or the Pitch Scale for pitch scaling. Enter the scale factor next to the Scaling popup menu (above the Pitch Scale button). This popup menu lets you enter desired length (for time scaling) or semitone transposition (for pitch scaling).
If you want the time or pitch scaling factor to change during processing, click the Scaling Function check box, and then Edit Function. This brings up the Function Window editor, in which you can draw a time-varying scaling function.
For more help with SoundHack, see the online manual.