Again Thanks Steve and MT for your input on this question.
I did a controled test on three different objects in foam, then one in wood.
The foam I set the depth to .300 and an inset to .01 and it came out perfect. I appears that on the last pass is when it applies the inset , also by setting the depth to .300 on a 3/4" board you are sure the the tip of the cutting bit extends pass the thickness of the board. This is find if you are not using a sled, cause it will cut into the sled big time.
The second test was on 3/4 board with a depth set at .250 and there was some lines that can be seen , I think is was cause be the tip of the cutting bit. Anyway that is minor sanding.
So the key is set the cut depth a little more than a 1/3 of the thickness of the board, that way you can ensure the cutting side of the bit go pass the bottom of the board and gives you a smooooth cut.
see attached.