I just installed v2 (used v1 before). I was surprised, when all shortcut icons where still showing Windows 10 versions of the icons (monochrome). Then I found the new option to change the icon. I tried that with multiple formats (dll didn't show selection dialogue, but I could select ico and also png) but none worked. It is still the Windows 10 icon shown.

PS: Maybe it is not called Shortcut list, but link list or something similar. In German it is "Verknüpfungsliste" and the command to change the icon is "Symbol festlegen". I didn't found the switch to change the language.