game profile

"PC mode" does not emulate a controller. Therefore, the game profile settings do not apply to true keyboard and mouse input. PC mode will act as if the keyboard and mouse is being connected directly to the PC whereas the console mode (KM Emulate) will take a controller's input but allow you to bind keystrokes and mouse clicks.

The Keymander 2's controller emulation is designed for consoles. The PC mode is there for convenience to be able to use the same keyboard and mouse between consoles and PCs on the 3Play version.