1: Yeah, last I checked they didn't play nice. Tiny little file took forever, pc got bogged down. I think I recall it being said it has something to do with the way Utorrent dl's and re-assembles the file. I can't test it currently, as I have the P2P shield uninstalled, but maybe it has changed, last I checked was around April.
2: Redundant, no. Redundancy is repetition of the same, Avast! shields are layers of different protection. Web shield guards the attack point of your browser by acting as a proxy. Things you browse get re-directed through it, scanned, and scrapped if flagged.
Network shield is a url blocker "on steroids". Filesystem shield is the "backbone" of Avast!, its last line of defense. I assume you know the pro's&cons of P2P, so the P2P shield's value should speak for itself. So, no redundancy, only multiple layers of protection that work together, not against each other.
3: Yes, Avast! does have exclusions lists, for both regular on-demand scans, and active defense. The "stir" comes most often when someone who is trying to download something, it gets flagged, and in response they want to know how to turn Avast! off. This triggers a knee-jerk response from users here. There is a recommended protocol to follow before such decisions are ok'd, uploading it here first>>
http://www.virustotal.com/, for example. Most users dont seem to like these hoops to jump through, much like people dont like following doctors orders. There are more issues to this also, but this is getting long, I'll leave them be. But again, yes, Avast! has exclusions, they are there for you to use as you wish.
4. Unless you think you are infected, a quickscan should be fine(imo). Turn on both "transient" and "persistent cache" to greatly speed up scan time, once the cache is populated (after a couple scans), this could help lessen the amount of time your HDD runs hard. The first scan or two might take longer, but the scans after the cache's are full are lightning quick.
ClamWin is on-demand only, so yes, it is light. I personally would not browse web in said laptop+clamwin, but aging hardware can demand drastic measures, I suppose.