What does the F5-BIG-VE-LAB-V16 license includes?

Well, for some reason the forum is not displaying the answer provided from #Kevin Davis

Anyway, I'll copy it here so anybody else can find the answer (Thanks Kevin!)

Hi,

No you cannot buy add-on licenses for this. Anything that requires additional licenses will not be available.

They are full versions with the exception of APM lite, limited to 10 CCU see K13267

Yes its perpetual.

No. Its a lab license designed for testing configuration, not production deployments. 10Mpbs is also divided between the active tmm's on the device. In a VE this is usually two so 5Mbps each.

You won't be able to upgrade to later versions of BIG-IP if you cannot renew your license. Renewal requires an active support agreement with F5. This can be purchased with the license for approx $20USD per year. I suggest you pay for a few years up front if you intended to keep upgrading it.