As I wrote, they seem to cover more nowadays than they take credit for in the manual. I’m going to look into that over the next days, maybe I’m mistaken.
Profiles reside in a different path than the preference folder - a very clever way to keep most major settings intact in case something gets messed up. Steinberg came up with a really good concept and forgot to take credit for it by promoting it or by providing a detailed documentation… a well-known move..
A FYI in case you missed it: @ASM wrote a really cool script to backup and restore all sorts of settings including profiles