It looks to me like the desc tags are not used for any functionality. They are mainly for having a human-readable description of what's in the profile. According to Apple TechNote 1160:

The ICC Profile Format Specification (available at http://www.color.org) includes a Description tag ('desc'), designed to provide more information about a profile than can be contained in a file name. This is especially critical on file systems with 8.3 names. The tag data can consist of up to three separate pieces (strings) of information for a profile. These different strings are designed to allow for display in different languages or on different computer systems. Applications typically use one of the strings to show profiles in a list or a pop-up menu.

You are unlikely to want to use NTSC or PAL color profiles in photo editing. For Final Cut Pro work, it shouldn't be a problem as Final Cut Pro now works in the Rec-2020 color space. It will use profiles built into the app for converting between something like NTSC and Rec-2020 and wouldn't rely on a user or device-installed profile.