That font is going to be problematic for your plan of cutting with a v-bit center of letters. A v-bit makes a furrow with a point at the root and it widens at the crest. This means that it would be better to use a "follow path" command and then control the bit depth to < half the narrowest part of the font so it looks uniform. The issue is the font is not even across the lines and you would end up generating overlapping construction paths. I do not have that font installed but the one below is similar in red, the black would be the construction paths to illustrate the issue. An end mill would work better for generating a flat bottom relief or find a font that is uniform widths or plan on a little clean up at the root which will have two peaks at some locations.