[Internal] [Bug] Update README and Params

[ankushkgupta2]

What is the Bug Related To? Please Provide a Description. 
README.md needs to be updated for the latest enhancements. Also, potentially add more verbose comments and docstrings throughout the parameter sets for the user.

Categorize the Severity of the Bug from 1-5: 3

• 1 = most severe (a full-break in core function)
• 2-4 = moderate (break for a particular aspect/feature) (how integral is the broken feature?)
• 5 = least severe (non-functional issue, such as inconsistency / error in documentation or administrative in nature) 

Please Complete the Following Information:

• OS: [e.g. iOS]:
• Browser [e.g. chrome, safari]:
• Version [e.g. 22]:
• Run environment (container, cloud service, HPC, platform, etc.):

Please Outline Necessary Steps to Replicate Bug (Go to.. Click on... Install the following... etc.):
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Any Additional Context or Information? Has There Been Any Progress Made So Far Towards this Request? Any Concrete Instructions to Resolve the Bug or Helpful Resources to Reference? Screenshots or Logs?
N/A