The component part of the Live Search doesn't contain any settings. All of them are available in the module manager. Here you can see a link, what redirects you to the module manager, directly selected the Live Search for type to help you to find it fast. The component view also contains a list of the improved search plugins, what we developed to you to can show images next to the result list. You can learn more about it in the Connection between search plugins and Live Search article.