With Tape Delay, the repeats aren’t perfect like Digital Delays. Each repeat degrades in quality, which blur into each other creating a unique delay flavour.
Combined with the Modulation/Warp mode, you can make the pitch of the repeats flutter, just like how tape would.
You can achieve a Chorus/Flutter effect by turning the delay speed to zero (fully left). Adjust the RATE, DEPTH and FEEDBACK to get some cool Modulated sounds!