Nope. Looks like you're missing 'Tizen Web Simulator Application'.
Go Window->Preferences->Tizen SDK->Web->Chrome and ensure the location is correct.
Checked it again, it is definitely correct. Why do you think I'm not getting the option? Thanks again for all your help, stuff like this always happens to me, I have the worst luck sometimes.
EDIT: I re-installed some components, and got it up. Now I have to fix some other stuff...