The V angle of the frame is very unlikely to be correct anyway, so even if the tube was round, and the same diameter as the front mount, the engine would still rest on one sharp edge of the front mount.
There is some excess material in the mount so it is okay to grind some away to reshape the mount and change its shape and angle.
The studs will not be perpendicular to the downtube, but there's a few people building with studs or u bolts not perpendicular to the tubes and it seems this is acceptable. You may want to find some tubing to cut a wedge shape to keep the lower strap part of the clamp pressed evenly against the downtube.