So the Power Wave S500 is a sweet machine, with multiple pulse waveforms - Rapid Arc, Rapid X, etc.
Each has it's own fit for different circumstances.
For Sch 10 SS pipe, the best pulse waveform to use would be STT, which was made as a quicker / more efficient replacement for GTAW of open root pipe welds. However, this requires a separate module to be added to the power source on Lincoln's Power Wave equipment.
You didn't say which wire diameter you're using. Sch 10 can be done with .035, but you may want to tune down a size or two.
You can use Rapid X or the straight pulse waveform if you don't have the STT module (Rapid Arc is more for structural thicknesses).
I recommend using Lincoln's Red Max wire with 98%AR and 2% Oxy shielding gas.
A trim setting just above mid range is good for eliminating spatter, just below mid range is good for gap filling.
WFS depends on wire diameter and material thickness, and also controls amperage.
As a general rule of thumb starting point, 1 amp for every .001" material thickness. ( 1/8" = .125" = 125 amps)
Choose the WFS that provides the amps you need for the thickness you're welding on, less if your gap filling or open root.
Average actual Amps and volts are shown on the digital readout on the machine while you're welding and for a few seconds after you break the arc.
https://www.lincolnelectric.com/en-us/support/process-and-theory/Pages/pulsed-mig-detail.aspxTim