currently the level-tamplate can only be used for CE-settings. It would however be nice to have a whole level as template instead of the 64x32 one, filled with sand and 100 secs of time.
I wished that feature long ago, when making the tutorial-series in which all levels are 15x15 and i had to set it for each single one by hand

(well that's a lie. i created a template myself and copied it by hand to the new levelname...)
Nethertheless using the level-template for other things than CEs would be nice, too.
The next step would of course be to have several templates and coose one of them when creating new levels, but maybe this would lead us a bit too far away now...