Also, There was some info in one of the firmware releases about mono recordings and the ability to record twice as long. It is probably in an earlier thread, but did not have any real impact for thoise who do stereo field recordings.
There have been problems with starting to record in S/PDIF mode without a signal. This is pretty common and that is where the power on power off issues probably stem from. I always make sure that my mics are live and UA-5 on before hitting the record button when recording through the S/PDIF input on the MT.
Also in the very first firmware release, you could not make changes between L/M/H without turning the unit off. This problem was solved a long time ago.
I recommend making sure you run the latest firmware version 1.4.3, as it seems to be the most stable and bug free. Some of the versions released just prior to 1.4.3 like 1.4.0 are virtually the same, but early releases of firmware are quite buggy.
Battery time is the weak link, and external battery packs are popular. You will get more time with a CF card than a micro drive, and I think that if you power down the unit between sets (If that is an option) it seems to give a little more life versus one continual long slow drain. I don't think 2 mics drain much more than 1 mic, but I may be wrong there.
Also it seems the amount of time the screen is lit has little effect on the overall battery time.