When you say V, by these 2 posts I'm not sure what you mean. At first I thought you meant the profile/shape of the blade, like an upside down triangle, ∇. That would be best IMO. But your second post you said "V shaped tip". When I see V shaped I think of a parting tool with a groove on the top, hence a V shape.
If the latter, the V/groove is not necessary in your case. The V is good for parting tools or deep grooving as it causes the chip to fold & evacuate out the groove easier.
You're depth is only 5 thou which is nothing. A flat tip would be best IMO since your groove is so shallow so you get a nice looking flat groove.
Then again your groove is very narrow so you might not notice the profile a V groove tip in the groove depending on how deep of a V groove you make on the tool. And for a .010 wide grooving tool, good luck on trying to grind a V groove on it if that is what you meant.
All the inserts I use for my Nikcole Mini Systems tools are flat, no V groove. The widest insert I use is .073" wide with a max DOC of just over .23". They do perfectly fine even on harder materials.