So, I bought the directers cut and it comes with Ego Darconis and FoV. What about Dragon Knight Saga?

I'm not 100% who how all this works in regards to what order I should be playing this in. I know Ego Darconis is the first and DKS is an updated version of the original game?

Can someone please explain to me what I should do here, Should I just play DK:ED and once i'm done that play FoV or should I be playing DKS somewhere in here?

The Dragon Knight Saga is Ego Draconis (with some updates) and FoV together (and the Developer's Cut is basically DKS with an optional Developer Mode cheat window). An Ego Draconis save will start at the beginning. The option to create a new level 35 character at the beginning of FoV was mostly for people who played the original release of D2:ED, then got DKS but didn't want to start over with a new character just to play the add-on.

With an Ego Dragonis game and you can play straight through to the end of FoV. There is a seamless transition at the start of the add-on, so you don't have to do anything special to play FoV.