You should be fine to use the profile tool path with a v-bit. The v-carve tool path is to clear out an area inside of closed vectors. It’s like a pocket tool path with angled sides.
You should use the profile tool path, on the line, with the z set to top of material in V-Carve. Use small cut depth to start because you can always stop the program and go a little deeper if needed but it’s hard to go the other way if you cut too deep, “Hey Joe!, I cut this board 3 times and it’s still too short”.
Your setup is looking good by the way. I like the black!