Sorry - lot of questions but need to figure out all the pros/cons and potential issues.
can anybody answer some/all these questions from experience - i.e. from actually doing it?
Thanks - usukan
I have tried entering the 24 word key into another BIP32 compliant wallet (I used Wallet32 for Android, but any compliant wallet will do) and recovered the entire wallet, all accounts, all transactions - that is how it is designed.
That is the beauty of BIP32: with just the 24 words + the password you can recover everything. With the same 24 words + your second password you can recovery everything under that password, and so on for as many different passwords as you want. When I say everything I mean all accounts and all transactions generated from that 24 word + password combination.
FYI the PIN number is a Trezor specific thing and is not needed for recovery.
If you lose your Trezor you just buy another one and enter your same 24 words and you are back up and running OR just enter your 24 words into another compliant wallet.
I think a lot of your questions are answered back a few pages. Start here:
https://bt.irlbtc.com/view/122438.msg11672036#msg11672036