Transfer project/sounds/presets/samples from AR MK2 to MK1

Hello all. I am thinking of downsizing my AR MK2 to a MK1 to save space in my live setup esp when travelling. I am not really using the CV inputs and direct outs of the MK2 so am OK with limitations of MK1. And I know the sound engines are the same. My question is whether it will be possible to transfer my AR MK2 projects/sounds/presets/samples to the MK1 directly?

The Transfer manual says all of those things are supported for both MK1 and MK2 but I am not sure if there are differences in internal file structures, etc. that would cause issues with transfer between the machines. I am really hoping to NOT manually recreate all of my patterns, sound design, sample assignments, etc.

Would appreciate any insights you have. Thanks in advance!

Edit: wrote the desired direction of transfer wrong in the original post title :man_facepalming: