It should be obvious I hope that Dawnguard is necessary.

Unpack as normal. It's standard-packed, so installation via Nexus Mod Manager should also work.

Aside from the basic Dwarven bolts, all parts are added assets instead of overriding assets and can be abandoned in place should you wish to uninstall.
The basic Dwarven bolt quiver uses vanilla textures, so it should be harmless in any case.