Provided vorpX could adjust the settings automatically, the FOV is correct. You can check whether that is the case by navigating to your Fear install folder.
There should be a file named autoexec.cfg in the install folder and the FEAR/FEARXP sub folders, containing FovY and FovYWidescreen values (both ~96).
If that is the case, the FOV is correct. If not, please make sure that you have write access to the Fear install folder (that might not be the case if the game is installed in C:\Program Files(x86) for example).