I guess my error was to expect that any partition option, that the Kubuntu installer would select by default, was a correct choice.
However, it may be that the "shrink partition" option for the Kubuntu installer is for non-Windows OS'es 🤔
And no, BitLocker was not involved

Either way, just shrinking the partition inside Windows is easy and (per my "what I tried"-list ) done already. Also, I could easily still boot into Windows, no actual changes had been made, so the installer did indeed save me from myself 🙂
... And now it installed successfully!
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The TL; DR: The solution was to install using the option "replace partition" and install Kubuntu to the unallocated space.
rive ... this will keep all your stuff on a separate partition from the windows OS (C
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