The V setting is the most aggressive setting while N being the least aggressive. That's a serious razor your wife gave you as a present. It was also my first razor and it was too much for me to appreciate DE shaving. I purchased a Merkur Progress and got involved on this site to me able to handle just the basics.
The main thing I learned is to just turn off the water while shaving so you can hear what is going on. The razor is so heavy the weight of it does the shaving for you, even on setting N.
At fifty every man has the face he deserves. George Orwell 1903-1950