Erik, I think you're heading down the right track.
AR: If I could have got a higher mast at a suitable diameter, I would have gone for an AR up to 2.6 - no problems there, except that double sheeting becomes near-essential, I think. Otherwise, I still like the planform best. What I don't like is the different AR on each sail. Could it be a possibility to use the existing height of the after mast to increase the AR of that sail, reducing its width as well, by adding a panel (making seven sheeted points)? Reducing the width would make the sheeting easier, though the bumpkin would still be needed.
Camber: It would be possible to use hinges alone, but the sailcloth will necessarily take a less smooth curve, fore and aft. It would be possible to use built-in camber alone, but this takes a surprising amount more cloth. It's actually not a bad thing that the mast gets "buried" in the lee side of the sail, as the wind skips over the hollow and reattaches. This probably cuts down the parasitic drag of the mast. The bulge of the mast on the windward side is not very important, as the air is moving very slowly. Either option on its own could be used, but still, my favourite option remains part-hinge, part-built-in camber. However, your batten pitch of 1.45m would mean that, using 1.524m wide cloth, you wouldn't get much depth of rounding if you made each panel from one piece of cloth. I don't see this as an insuperable problem, because it is better to lay the cloth parallel to the leech, and then a) the cut is more economical, and b) broad-seaming will give a better result, than the plain barrel-cut.
Battens: I don't fully understand what you're saying. You say that aluminium is lighter, but quote the same diameter and wall thickness for aluminium and GRP. the density of GRP is 1.8 and the density of aluminium is 2.7, so like-for-like, GRP weighs 2/3 as much as aluminium. However, you should consider 16swg aluminium for all but the top sheeted battens, and then as you say, aluminium battens would weigh less. My personal preference would still be for the GRP. Using hinges, an 8ft length would actually be quite convenient for a batten 5m long, with two x 10 degree hinges.
Hinges: Yes, I'd use 2in PVC bar for the hinges.