For those into FYCPs, the process is simple, and probably half the effort completed.
Open the shapesheet for the chevron. If not already present, right click in the shape sheet, and either select View Section or Insert Section, and choose Controls. One row will be shown. The row name maybe changed if desired, should be Controls.Row_1. In the X cell, enter Width*0.5. Actually, this isn't that important, just conveniently sets the x-location at middle width of the shape, and presumably at the tip of your chevron. The Y cell value can be left as is, at 0.
In the Geometry section, one (or two) of the "line to" entries will correspond to your chevron tip (or tips if you have an upper and lower tip). In the X Cell value, enter: Controls.Row_1 for either or both tips. A single FYCP can control one or both. If you want to move the chevron tip(s) vertically, in the Y Cell value enter: Controls.Row_1.Y.
That's it.
Happy morphing.