Best thing to do is note down the type of converter you have (brand name, model etc.) In case you dont know, the converter is the round shaped device which evaporates the gas. It should have two water lines running to it for heating, a gas input line, and a gas output line.
The gas output line is the big braided hose (about 5/8 size). If you follow that hose you should see where it goes. If it goes into the throttle body, you have a single point gas system.
If it splits off into many gas hoses which go into the intake manifold you have a multipoint gas system. If you think it was installed in 92, you probably have the former system (single point).
As for how advanced the chipping is, it is hard to say. Some commodores have chips which start the engine on petrol then automatically switch to gas, some just start on gas without the initial bit of petrol. If the engine starts initally on petrol, you should hear the fuel pump turn on when the key is switched to ignition without the engine running, regardless if the selector swich is on GAS or PETROL.
If your engine does start with a bit of petrol that is a very good thing. Engines which start directly on gas tend to backfire sometimes and blow the airbox apart! However in terms of performance, they are both equal.
As for how much mapping the chip does when your driving, I have no idea. If you really wanted to know more the best thing to do is to look at the chip itself, find the manufacturer and model then contact them about it.
Good luck with it!