Stats

1.) If, for example, I have two Level 40 S-Grade Lupa's, do they both have the same values for all of their stats?

2.) Are stats only affected by grade, level, and held items, or are their more factors that may affect the distribution of stats?

Thanks.

If you have 2 lupas and they both have solid S stats and theyre the same level then their stats will be the exact same.

Rank + level make a difference in both pvp and ladder but more so in ladder seeing as how pvp puts everyone at lvl 40. However, keep in mind that equipped skills could make all the difference. A basic monster that only has the skills it learns is one thing. A monster with nasty skills you teach it is another. And held items (like Iron Sheild, Winged Boots, etc) should be in effect as long as they're equipped but I have no real evidence of how they work.

The only other factors would be skills that are buffs/debuffs and obviously those work

Also don't be that guy an put a jelly on when you're in pvp. No one likes that.

little side note, items only work in pvp. in ladder you don't have any equipment or healing items, it is just your monster and theirs. also remember that when teaching attacks to pay attention to if its a magical or physical attack. for example Champ has a very low matk, and one player on S2 learned the hard way that as good as champ is, if you team him magical moves he wont do anything xD another thing to remember with moves is that even though an attack has lets say 90 power, if its not the same type as the monster using it it wont be as powerful as a monster that's the same type. my flight with rampage (75 power) does loads more damage than my flight with water bombs (90 power) cause rampage is a normal type move