If msg.payload coming into the function is a number, then you could just use a lookup array.
e.g
[{"id":"3fea8003.98bac8","type":"inject","z":"30af2d3e.d94ea2","name":"","props":[{"p":"payload"},{"p":"topic","vt":"str"}],"repeat":"","crontab":"","once":false,"onceDelay":0.1,"topic":"","payload":"3","payloadType":"num","x":180,"y":120,"wires":[["88e2c287.49512"]]},{"id":"88e2c287.49512","type":"function","z":"30af2d3e.d94ea2","name":"","func":"const lookup = [\n null,\n \"L1\",\n \"L2\",\n \"L1-L2\",\n \"L3\",\n \"etc\"\n];\nmsg.payload = lookup[msg.payload] + \" Connected\";\nreturn msg;","outputs":1,"noerr":0,"initialize":"","finalize":"","libs":[],"x":340,"y":140,"wires":[["4e45a50.133c95c"]]},{"id":"bfac3654.beb8f","type":"inject","z":"30af2d3e.d94ea2","name":"","props":[{"p":"payload"},{"p":"topic","vt":"str"}],"repeat":"","crontab":"","once":false,"onceDelay":0.1,"topic":"","payload":"4","payloadType":"num","x":175.3333282470703,"y":157.33334350585938,"wires":[["88e2c287.49512"]]},{"id":"4e45a50.133c95c","type":"debug","z":"30af2d3e.d94ea2","name":"","active":true,"tosidebar":true,"console":false,"tostatus":false,"complete":"false","statusVal":"","statusType":"auto","x":560,"y":120,"wires":[]}]
const lookup = [
null,
"L1",
"L2",
"L1-L2",
"L3",
"etc"
];
msg.payload = lookup[msg.payload] + " Connected";
return msg;