I think you are pretty close to the mark. The way I would do this is to let BiaB choose the most appropriate RealTracks substitution for you.

Also make sure that you select the correct time-base.

Follow the numbers:
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BIAB & RB2026 Win.(Audiophile), Windows 10 Pro & Windows 11, Cakewalk Bandlab, Izotope Prod.Bundle, Roland RD-1000, Synthogy Ivory, Session Keys Grand S & Electric R, Kontakt, Focusrite 18i20, KetronSD2, NS40M, Pioneer Active Monitors.