You can try that motor, but the first motor you linked would probably do better. On the positive side, underpowered on something like a bloody wonder means it won't gain altitude in level flight at full throttle, so if the motor isn't up to it, you could think of it as a "power-assisted glide test" -- as always, be sure to cut the motor off just before you "land" to save your prop.
As far as CG, I'm not sure about the V2, but the V1 had it's CG mark just behind the front servo. On the builds I've made, I transferred the mark about 3" left/right of the centerline, poked a small hole through the bottom layer and refilled that hole with a dot of hot glue. I can then put my thumb and fore-finger on the dots and it should balance with an ever-so-slight nose down tilt. nudge the battery back and forth to get it in a happy spot -- if you can't get it there, pull out the battery and use a tiny bit of lead on either the nose or tail (as far from the CG as you can get it) to get it to naturally balance. Then mount the battery centered on the CG and it should stay balanced -- this method has the advantage of balancing with *any* battery big enough to fit.