When I launch the game, it seems to just open Phantasie I? How do I open Phantasie II or III?

Wanted to go through the manuals for the game but the link leads to the Stat Command manual.

What's the approximate play time to complete?

Phantasie II was never ported to the PC. Is this to be an emulated version of the Commodore 64 / Atari ST / Apple II version or some long lost (or new) port of Phantasie II for PC? Still own my original big box PC copy of Phantasie III and I enjoy playing through the first and third game every few years. Keen to see what exactly is in this release....

So there's no way to "equip" individual characters, instead I have to "distribute" every single item (including items I want to leave with their original owner) by going to the Inn? (Which the manual says makes 2 weeks of game time pass each time?) And is there any way to pool gold? This stuff was already solved 6 years earlier with Wizardry 1!...