All LRPs whether LRPV (varmint) or LRPH (hunter) are large shank, as they are all built off the Target Action. The VLP (Varmint Low Profile) is the traditional 12 series that is basically the replacement for the BVSS (yes they do still list the BVSS) series and are small shank. The "V" model comes in a multiltude of varmint calibers including the .204 Ruger. The "H" model is the one that is currently only offered in .243, .260 and 6.5 Creedmoor.

Pretty much anything can be chambered off that action. You will need to replace the bolt head for anything other than a .223 Rem.