This worked with reasonable success, though I ended up with some strange playlists with only one preset in. I've now removed all these.
I now have two issues:
1.Some of my old V4 presets are duplicated, and when I delete one of them, the both disappear. One of the presets in each of the duplicate pairs is a valid one, and the other one is not i.e. it does not bring up a preset when selected. It's as if there are two AL2 entries pointing to a single preset, so that deleting either of them removes the preset, but I can't remove the duplicate entry without removing the preset.
2. Some of my user presets are marked as factory presets and cannot be edited, even though they do not exist in the factory Bank.
3. Some of the old synths had "Pads" as the type, whereas AL2 has "Pad" so I ended up having to reassign all the Pads presets to be "Pad" presets.
Thankfully I only had about 40 presets but even then it took me a good half hour to sort it all out. Beware if you have loads of presets!