Cliff, welcome to APUG, excellent choice of enlarger there. I have a like unit, except it's the MKIV version.
I don't think there is any practical difference with regards to the actual filters.
My unit is capable of beautiful gradation from about grade 1/2 through to a smidgin above grade 4.
I pretty much use Ilford MGIV RC as my major paper, but I do use various fibre papers. All papers respond terrifically and even a small move like a 1/8 of a grade difference, is noticeable.
I use the Kodak setting which I find to be quite realistic. There are two ways you can do this. Just use different filters one at a time, as in yellow for soft, then use magenta for the harder grades.
I actually use the combination of yellow and magenta filters which gives a reasonable possibility of no time changes between filtration changes. There is though a slight change and basically I have found with my head that there is a 1/8 stop difference of light hitting the paper for every 1/2 stop of filter change.
You will find it a wonderful experience, go for it.
Mick.