I can confirm from my end that this is not working. The ~/Applications/Orion/Orion Profiles/ does not exist on my system (Orion is not in ~/Applications at all, and the normal Orion > Show package contents has no profile-related content either).
Clicking "Show in Finder" on the manage profiles screen for a given profile just opens the finder app without revealing anything.
This is on the latest version of Orion at time of writing: Version 1.0.0 (139), WebKit 623.1.8.0.0
I'd love to be all-in on Orion, it's fantastic, but I need to be able to differentiate profiles 🙏