I was impressed with how cleanly and easily it cut itself as I pulled it off. Didn't do anything special. Just remember to overspray and get it on the car about 1" around the pieces you are dipping, and make the overspray thick or it won't peel right. Just YouTube any videos on plasti dip and you'll see what I mean.
I bought the glossifier as well and I tested it on my old "V6T" badges from my S4. It doesn't look horrible, but I preferred the matte finish on the Q5 once I saw it.
As for the suspension, this is my fiancés daily so I don't want to go too crazy. A moderate drop is probably good enough to clean up the fender gap and make it look better. As I mentioned before, in any of my cars, I've never adjusted the coils once they were installed. So it's probably not necessary to install coils on the Q unless I can get good coils for the same price as the shock/spring combo.

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