Ok, forget about Safe Z for now, it's used to clear the part, clamps or other parts of the set up while rapiding and/or going to the tool change pos (among others).
I believe you are correct about the inhibit.
You set the Persistand where Hood mentioned, Ports n pins, spindle setup.
Your # of passes in the wizard is determined by the total depth and the depth per pass selected.
Be back shortly,
Russ