V-Carving Depth

When you are V-Carving what bit do you use and what depth do you set for your design?

Narrow/Small Text - 60 degree - Full material depth
Wide/Large Text - 90 degree - Full material depth
Embossed text/Large area - 60 or 90 - 0.05" for a single pass based on Easel recommended settings. 2 stage with an 1/8" bit if the carve is going to take more than an hour