Negligible effect on boost levels and wouldn't cause a 4 PSI deficit across the RPM range - based on my own experience with a K03. Besides, looking at the log, the knock level is not constant and it is peaking, most likely at a certain load/RPM so wouldn't explain the drop across the entire rev range
The amount of correction is based on the severity of the knock detected and will depend entirely on the requested ignition timing - its not comparable on different cars & setups. Its not ideal but the ECU can deal with up to 12CF so its not an issue for the purposes of this diagnosis. At 2CF you probably have no real knocking going on and you may not even have any reduction in timing, its just a Correction Factor and does not directly translate to X amount of degrees of timing retardation
Anything up to 5CF for short periods is fine anyway based on what I have seen over the years from many logs and heard from tuners themselves, 2CF at most tells me you have a safe map with headroom for more, but again it depends on a lot - ambient conditions, whether your 2CF peak was after a single run or after repeated back to back runs for maximum heat etc.
Off topic a little, sorry!