Beestie, to partly answer your #1 question (why are there some reincarnated people and some 1.0 people) it's because the reincarnated people either wanted or had to come back for some reason. Maybe they didn't learn what they were supposed to learn or maybe they just want another go at it. Some people choose to remain where they are, others come back. 1.0 people are fresh out of the oven and new to this place. See? 
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In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic.
"Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her.
—James Barrie
Wimminfolk they be tricksy. - ZenGum
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