The conf directory holds miscellaneous files, such as the list of files which are needed/optional in the OS. The main file of concern is param.c, which describes the system-dependent configuration parameters of FreeBSD. The 4.3BSD Internals book by Leffler, McKusick, Karels and Quarterman doesn't really cover this directory. It is vaguely covered in Chapter 8 of the "System Performance Tuning" Nutshell book by Mike Loukides.