It’s a low-speed rebound adjuster and the 2.5mm size is a guess. I might be wrong, but it’s a small size allen key like the one that’s an integral part of the missing adjuster. To be fair to RS they don’t fall out that easily, there’s an o-ring on the outside of the bolt which adds a bit of friction, but it can happen.
You can tweak the low speed rebound using that knob, but the high speed is fixed. The RS Dual Compression ones, which you should have on a Rev Ti are pretty good tbf, the earlier ones tended to choke up on repeated high speed impacts.
The compression damping adjuster is up the top of the RH fork leg btw, but the whole MoCo / Floodgate thing works more like an adjustable platform-ish lock-out rather than working like a simple damping adjuster. The later RCT3 version gives low speed compression adjustment, but the high speed is still fixed I think.
I think that’s about right. Tbh, if the fork feels a bit meh, I’d look at giving it a quick lower leg and damper oil service first, can make quite a difference.