Thanks for the detailed report.
The installation location depends on whether you chose a per user or a system wide install. By default, a per user install is performed and windows chooses the location of Application Data
If you choose system wide the default location is Program Files and the installer allows you to change it.
I'll reduce the font size in the license file.
The files are meant to be copied write protected. The program's files are not meant to be edited by the user or indeed by the program itself.
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