It's hard to construct a principled, narrow argument against profiling. If you have a single piece of exclusionary information, it's ludicrous to conduct a bunch of searches which are guaranteed to be worthless in the name of equality. (Leaving aside the accuracy of the tip for now.) And yet on a broader level, it's apparent that profiling can have all kinds of awful side effects.
An obvious example (and the metaphor carries) is secondary crimes discovered in the course of an investigation. There's another narrowly sensible rule: if a cop stops you for a broken taillight, they shouldn't have to ignore a corpse sitting in your passenger's seat. But combined with profiling, it produces a system where often-profiled people get the law enforced against them far more harshly than other groups. Add to that the cost and stigma of being investigated (a day in jail while innocent is a great way to lose a job), and you have a system where utterly sensible enforcement produces consistently biased harms.
The metaphor here carries really well. Imagine if those Kansas farmers torrented a bunch of movies, or that Seattle privacy advocate had a bit of marijuana. Well, those things are illegal, but it's still not fair that shoddy profiling amounts to selective enforcement against the profiled.
Even if you never, ever get incorrect data or wrongfully convict someone, profiling with limited data causes all kinds of secondary harms. This is a great non-racial example of why we should worry about it regardless of accuracy.