1-3 are correct. When you click on the revised VPJ linked above it should open version 16.02 with your project. Ignore this...
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For now, it's best to create and save projects with that slightly earlier 16.02 release. They should be compatible with later releases.
The latest isn't always the best choice, and can always be test driven to see what's new.
If you have created other projects with the more recent releases, post their VPJ file here, as you did with your current effort.
Default for the GPU setting is best, unless you find that None (CPU Only) works better for you.
Feel free to upload and share the project, per the step-by-step above instructions, and we'll check it out.