Do I set the hardware model anywhere else apart from the VM template?
Unfortunately I don’t have a default network so I’ll have to set up my own.
Should I just assign the bridge name or should I provide the Contextualization options aswell when setting up the virtual network?
AFAIK all appliances in the OpenNebula Marketplace has no network assigned by default so after importing the appliance you must update the template to assign a network to it. It looks like the “test bridge” network config visible in the screen shot that you’ve posted should be ok.
Regarding the hardware model, it is possible to set a default value in /etc/one/vmm_exec_kvm.conf - just un-comment the line regarding the NIC defaults. Not sure is it needed to restart the opennebula service so I recommend to restart it after editing the configuration files in /etc/one/*