I would at least match the LVT in style though I might go a lighter color, as you are bringing lots of black in and are risking a cave like room. I hear a lot of complaints here about the stripey appearance of LVP wood look. This might be a helpful read: https://www.houzz.com/discussions/4235124/most-realistic-wood-look-vinyl-plank

I'd go with a warm wood look that compliments the butcher block, especially since you will have a lot of black going on. The bathroom is a separate space so it doesn't need to match it. Tile looks are more expected in bath spaces than wood looks so the separation/difference between those spaces isn't a big deal. I would also run it throughout if funds permit, not just the bar and entry.

Thanks both! We don't want to replace all of the carpet - we live in a cold climate and our basement is already chilly (hence the fireplace). Not to mention this is cheaper! I should've done a poll - so far 1:1. We are also only doing one wall in the paneling so the rest will still be light - drift of mist. Our carpet is also light. Going for a theater space kind of look on this wall. I got my way in the rest of the house (light and bright) so I'm giving in a bit to DH in this space.

Also our main floor is hardwood - medium/dark tone. I realize different floors can have different flooring but I wouldnt' want a wood look that was drastically different.

We ended up going with a very dark/nearly black floor and are happy with our choice (Karndean charcoal LVT). Thanks for your input!