Joe,
1) When you start the bike the ABS and servo pumps run a self-check, which cannot be complete until you move the bike a few feet for ABS to check the wheel sensors. That is a normal procedure and the lights should go off as soon as you take-off for the first time after starting the bike.
2) I can't tell you why there are 2 kill switch positions, but I can tell you this one is going to become a flamer on this board.
I personally do not use mine at all (it just looks to flimsy to me) I kill my engine with a key each and every time for the past 2 years and have yet to encounter a single problem. Some people argue that when you turn off the key (ignition off) you loose the servo assist to the breaks and have only residual braking and that would require a significant effort to keep the bike from rolling if you were lets say on a VERY steep hill
I did experiment with mine under various conditions and found that for me keeping the ignition on is totally unnecessary, but then again, I can pick this bike up after laying it down without having to turn my back to it like most people do so find what suits you best.
3) This is "sort of" choke. Use it for cold starts. This lever has a cable going to the same place the throttle cable goes to and all it does is crack a throttle open just a bit. Lift it all the way up hold it there, start the bike, let go and that little lever will slide 1 notch down and stay there up until you push it all the way back down, which you should do in about 30-45 seconds (depending on ambient temperature) after starting the engine on a chilly morning.
The rest of it is fuel injected
I hope this helps, ride on
