1) Okie dokes
2) Dokie okes
3)
You have two options: Script configuration or Element configuration
Script Configuration:
In the script, you'll define which skills are HP to MP / MP to HP. So you'll have two things to setup in the script.
Or...
Element Configuration:
You can create two new elements in your System Tab, name them "HP to MP" and "MP to HP", then all you have to do is mark the skills you want with those elements, that way the script knows which skills are supposed to convert HP/MP.