Actually I think I know what is going on here. The parameter influences only whether the personal profile will be displayed in read-only mode in the roadmap step or not. If you want to get rid of the Edit Personal Profile button in the toolbar, edit the Toolbar Schema of the Component Configuration. The description and tooltip indicate Edit but the event is misleadingly DISPLAY_PER_PROFILE. If you want to change it to Display, edit the description and tooltip and also change the Icon from Edit to Display. Finally edit the Launchpad ESS / MENU / BEN_PERSONAL_PROFILE to include the parameter READ_ONLY_PERSONAL_PROFILE = 'X'.
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