You are correct. It's 14% through the absorption portion of the charge cycle. First was bulk, then moved to absorption mode. If cloudy not enough sun to complete the absorption portion and top off the batteries. You finished bulk portion so that is good.
There is a diagram in the manual that shows the modes and order they occur.
From your voltages sounds like you have it configured properly for the Trojan wet batteries. This is a good thing. Many folks don't and don't get the full potential from these batteries.
Excellent solar charge controller. I have the. 60a version with 600-800w of panels.
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.