Pete1961, that information posted by Travis B is the driver data that is resident in all Mac compatible monitors. A Mac is able to import and use that data over a communication channel that is embedded in every video cable. Ordinarily you don't need to do anything heroic because it all is meant to be plug-and-play simple and behind the scenes. Sometimes, when a monitor's P&D driver is missing a specific timing, you can use a utility like SwitchRes X to custom author a timing. When you do this, it gets written to a standard OS X file and becomes a part of that file.
About your question about reversibility, if you happen to make a custom timing that the monitor won't work from and you get a blank screen, it's not such a big deal with a notebook computer because you still have a usable built-in screen and that makes it easier to deal with the situation. You can always delete the OS X file with the data in it, so in that sense it is always reversible.