Setting arrangement of new Finder Window via AppleScript
For reasons of which I cannot explain, this following code was unreliable and only worked about 50% of the time.

tell application "Finder"
        set finderWindowID to (make new Finder window)
        set current view of finderWindowID to icon view
        set arrangement of icon view options of finderWindowID to arranged by name
end tell


After trying several different things, I realized if I ran the code once, then closed that Finder window that was created, and ran the code again...  I got the desired results every time.

I know it's ugly and not very efficient but this produced the proper results.

setIconView()
tell application "Finder" to close finderWindowID
setIconView()

to setIconView()
    global finderWindowID
    tell application "Finder"
        set finderWindowID to (make new Finder window)
        set current view of finderWindowID to icon view
        set arrangement of icon view options of finderWindowID to arranged by name
    end tell
end setIconView