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I've never seen one in person, but just looking at the pictures of it, it looks like bleeding it down should be a breeze since the pump suction is directly on the bottom of the rad.
As far as tubing sizes, I think the difference between 3/8" and 1/2" is less than 1°C, and the difference between 7/16" and 1/2" is even less than that, maybe closer to 0.3°C. The water will move through the loop so fast that I don't think that tubing size really has that much of an impact anymore, and with today's free flowing blocks, may even be better to introduce a little bit of restriction.