Having used both I disagree Formulator filter features are more intense than those in Stats Race Lens. With Stats Race Lens you have the ability to do deep dives on not only jockey and trainer, but also sire and dam, using hundreds of combinations. The results display the last five year's races which apply to the criteria for sires, and lifetime for dams. You can access the lifetime pps for any horse in the query results, with those applicable pp lines highlighted.
Here are a couple of examples (which I used recently handicapping a first time starter in a MSW Turf Route at Gulfstream): Dam, Lifetime, Foals in Maiden Special Weight, Route, Turf, First Time Starters.
For the same horse: Trainer, Last two years (can go up to five), First Time Starters, Maiden Special Weight, Turf, Route, on Lasix.
That all being said, what Scott Coles was referring to was the Angles module, which allows for 10s of thousands of combinations to create queries to test theories and to (using his words) "Flag" the user when a horse in an upcoming race meets that criteria.
Some, but not all, of this functionality is available free on the Race of the Day page at
http://racelens.stats.com/