I have just recently built and flown this plane. (saito 100) As for the gear hanging down, mine does it also but man where talking you might lose 3 Mph. Thats no biggie. Also if you turn your fairings in just a (Little) the wind will push the gear up nicely. But hell you can't even see them sticking out in flight as i looked at mine.

Also i don't worry about the wing bolts after i crashed my ultra stick and the nylon bolts didn't break which destroyed my wing. If you crash this plane, end of story it will be gone. Just take it easy and you will be fine.

Hope this helps