@HughesTooling If you can please send me a file and succinctly explain what is expected, I'll file an improvement request for the translation developers. A file and a few short steps, please send to phil dot eichmiller at autodesk dot com.
When the most recent dxf is opened in AutoCAD, it throws errors for missing shx fonts and missing xrefs.

This means that the Fusion translators are going to have the same problems.
Solution:
- remove all dimensions, text, title blocks, etc. prior to export as dxf
- explode all xrefs (or whatever makes them not xrefs)
Next, I notice the extrude profile imports into Fusion very far from the origin.
Solution:
- Move the profile to the origin prior to export as dxf
Hopefully this helps. These same steps might work for dwg file type as well.
Conclusion:
AutoCAD creates many objects that are only valid in AutoCAD. Fusion, and any other application that consumes these DWG/DXF files is at a disadvantage. Fusion, and other apps, simply do not have the full code stack of AutoCAD available to address these objects that are used in AutoCAD workflows.
In order to consume information from AutoCAD today, it is helpful to strip it down to the very essential information and no more.
Could Fusion do better? Sure, but there might be a requirement to include a new UI to help you clean up these files on the Fusion side: layer control, text font control, xref control, etc. This is not on the Fusion development road map at this time. We can look for automatic ways to translate files like this.
Phil Eichmiller
Software Engineer
Quality Assurance
Autodesk, Inc.