PWM is a form of voltage regulation. It's how it does VV. Some implementations are more accurate in calculating the effective voltage, but regardless, they all adjust. Fairly efficient if done properly. Better battery life. Some implementations seem to have issues. Do a search.
The Amp # is the current flow. All electronic circuits have a max amps (actually max watts) that they can handle. At a certain point, they either shut off to save themselves or fry. You'll see terms like "2.5 amp switch"...but it really means the deivce can only output at most 2.5 amps. Also a factor in short detection. Volts X amps = watts = power (like in lightbulbs).
Amps are important to
vaping in that Ducal Coil anything requires twice the amps to power two coils at the same voltage. That's all.
That's not to be confused with high-drain batteries...which supply more amps...because the device requires more amps as input, such as a booster.