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A "position" is the index of a character in the text of a buffer. More precisely, a position identifies the place between two characters (or before the first character, or after the last character), so we can speak of the character before or after a given position. However, we often speak of the character "at" a position, meaning the character after that position.
Positions are usually represented as integers starting from 1, but can also be represented as "markers"--special objects that relocate automatically when text is inserted or deleted so they stay with the surrounding characters.
We expose private value for free identity conversions when the value is nested in some covariant type, e.g. (symbols : Symbol.t list :> Value.t list) rather than List.map symbols ~f:Symbol.to_value.
eq t1 t2 = Value.eq (to_value t1) (to_value t2), i.e. eq checks whether the Emacs values underlying t1 and t2 are physically equal. This is different than phys_equal t1 t2, because we don't always wrap eq Emacs values in phys_equal OCaml values. I.e. phys_equal t1 t2 implies eq t1 t2, but not the converse.