There isn't much to this other than what's in the screen shot. The also wasn't anything to test fps. It really needs far more complex objects to be a true test.
I'd love to see more resettable tests using the engine; stuff like physics tests, liquid physics, dynamic lighting and others.
It's not actually a test... It's just the level that you see when you create an Unreal Engine project. You just added light thing and that's it. And it's not even optimized.
I guess you can use it to ensure simple UE4-based games will run on your device, but it's a 380 MB download for the ability to walk around the 3rd Person template level. A decent proof of concept, but not much more.