#2
yes
I just don't know the details specifically, other than what they list on Fender's site
#3
The HW1 series has a really bad finish. It tends to fall off after ½-1 year. Both sound very thin and you can bet better cleans (and overdrive) from Ibanez guitars in the same pricerange I think.
#4
Highway 1 have a crap finish that comes of when you scrape it with a pick. The pickups are really REALLY weak, I had to turn the gain to about 8 on the distortion channel to get a slight overdrive. It feeds effects well, but apart from that it sucks serious ass.