I'd love to redo the setup as I don't see where to pick the location of the sync'd files. I only see saved and backed up and these are the backed up files.
If you decide to redo it, make sure you turn off syncing before doing anything or you could have it sync deletions and remove all your files. I think I'd copy that whole directory somewhere safe and then go through the process of turning things off and removing OneDrive... then restart the process. Or, support from Microsoft might be able to solve it.