No – you don’t have to count the number of flying fish!
No – you don’t have to figure out the allegorical references!
No – there’s no connection to the numerical value of pi!
The total value of the mysterious “V” will give you the distance, and also the bearing in mils T, from the posted coordinates to the cache.

You can check whether your coordinates are within 8 m. of the cache coordinates at GeoChecker.com.
NOTE: take care at the cache location to avoid a fall