Chromium dioxide is type II but most tapes are actually cobalt alloy.
You can absolutely use that setting. It’s just that since (apparently) there is no bias adjust, you May be leaving headroom and/or distortion on the table and not maximizing the potential of the tape.
If Scott sets it up for you, let him know which tapes you prefer (Maxell?) and ideally provide a sample of each type, and he’ll dial it in on those tapes specifically. Then as long as you stick with them, you get the most out of the deck.
I blow the minds of people at work when they listen to my tapes- they think it’s a CD. I wring all I can out of them and they sound really quite good when you do.
The days of the drug store off brand junkers is long gone. You set up, prepare and make a recording. Maxell and TDK both hold up well for repeated platings, so you only have to do it well once.
(I have tapes I made in the 80’s that still play and sound just fine- my newer recordings are much better, but so is my gear and, more importantly, my knowledge of the format.)