I haven't tested this with anything from VisuStella. Can always try and report bag if you think it's not working.
Viewing post in Puppet Knight - Element Impact & Element Icons comments
The default text is just examples. None of the Element Name parameters actually impact anything, they're simply used to organize better.
The Element Icons are directly associated with the order of the IDs you set up in your DataBase, but no, you don't have to set up element icons in order to set up things like element cycles