he is leaning forward and to the left. So his right shoulder is between him and the ACM panel. You can see this is some of the videos. This angle is just an optical illusion.
Im pretty sure, the jet got damaged from the bomb blast. Magz was WAY TOO low to be dropping like that. I could also be very wrong here, but the later makes more sense then him just bailing because he got scared.
No, they are saying its an ED feature. It is likely Wake Turbulence or Dedicated servers. Something on the ED end. They would bring the Tomcat in like this.
it shows the outline of where the LANTIRN will get masked by the air frame. Put the little white rectangle (you see it moving down the center of the display) on or outside of the line and you will be looking at the jet.