Essentially, ACR has 2 profiles built-in for each camera, one for illuminant D65 (a flavor of daylight) and illuminant A (similar to tungsten light bulb). ACR automatically interpolates between these based on your white balance.
When you fiddle with the calibration sliders in ACR, you are actually adjusting the RGB primaries of these profiles. In other words, you're not really creating a new profile from scratch; you are adjusting the existing ones. So there are limits to what can be achieved, but there is still some flexibility.
That is probably more low-level info than you really need. Essentially, photograph the target, and run the script ...