Setting to Cut Foam-Core Poster board? 1600mw laser

Laser work is a lot of trail and error.

I would start with 100% power and 100mm/min with the 1.6W Laser.
A bit equivalent to the 40W, 45% at 900mm/min:

Unfortunately you did not share the product but you have to try it yourself anyway.

I suggest to use a laser filter to get rid of harmful things.