It might or might not work. Keep in mind -
You can only set 4 macros per config file. Each macro can only be four keys long. All macro keys are pressed sequentially and then released at the end.
What I think you want is:
Press and Hold Alt, then press F, release, then Press P, release, then press V, release.
What the I-PAC Macro will do is.
Press and Hold Alt, then press and hold F, then press and hold P, then Press and hold V, then release all keys.
You could test this on your keyboard (assuming those keys can all register at once), and if it works, the Winipac software will work.
If not, you could probably do what you want by assigning one button to Alt-F, one to P, one to V, etc.; but you would have to press three buttons, and you might run out of inputs fairly quickly.