Darren: We own a Freedom 40 Cat Ketch and I have struggled with similar issues as you are regarding sail size, panel size, boom/batten lengths, and Dm. I am generally following Arne's designs including equally sized panels and batten lengths. I by far not an expert, but maybe some of this is helpful. And hopefully the real experts can chime in, too.
Lead - I have been able to sail our boat in various conditions and I think we have a litttle too much weather helm when both sails are full size. The new sails will have a COE approximately 50cm further forward. Not sure if that is a lot or little, but it is pretty easy to adjust helm balance on our ketch by trimming the two sails differently, and once you are reefing you get to pick which one to reef first, so to balancing the boat will be easier then, too. I've decided not to worry about it too much.
Sail size - Going smaller makes everything else easier. We have approximately 73 sqm split between two sails. I'm thinking of going as large as 86 sqm, equally sized, 7 panels. But they may end up a tad smaller to help with other constraints.
Boom size - similar to yours, at about 4.6 meters
Yard angle - 70 deg. I like the look. others are possible, esp if the yard is made shorter.
AR - approx. 2.6
Boom/batten angle - I think that with cambered sails, batten stagger is less controlled by the batten angle but rather by the various parallels, including Hong Kong if used. 10 deg. seems to be standard but I am considering 7.5 deg or less to avoid too much rise of the boom. I would like to be able to reach the clew when the sail is reefed. Also the large empty space between the boom and deck looks awkward to me.
Sheets - I currently sail with a 3x1 on 6 m long wishbone booms. Total sheet length is 30 meters. It ends up being a lot int the cockpit. I would really like to avoid longer sheets. The 3x1 gets you to a 5 point attachment setup on the junk sails, thus the 7 panel sail. If the twist can not be controlled adequately, I could see going to two sheets before a 5x1, but that means adjusting 4 sheets during maneuvers - maybe OK for ocean sailing, not so much in close quarters.
Dm. This is a struggle, esp. with me trying to keep the booms low. Shorter booms help, but either the sail area drops or the AR goes up when I try for more D. Kurt Ulmer on this site suggested varying the panel height in order to reduce the Dmin. My sheet arrangement has a Dmin of 1.75P. I have drafted a sail plan for an average P of 1.44, but the lowest P is 1.2 m, and the next two are 1.6, then back to 1.2 and 1.6. This gives a D min of 2.3 m vs 2.52 m. The varying P doesn't look too weird, either.
Material. I've looked the Weathermax80 and really like it compared to the other standard options.
Erik