The APR and the peg are two different issues. The peg is coming from a capping of the hard fork. Blocktrades posts do a much better job at detailing that than I could (edicted might have covered it too).

As for the manual curation, I am not sure how that is affected. Curation is based upon the total HP and the percent a person has when upvoting. Thus I am not sure whatever money in HBD affects it.

The total HP that is voting is the total HP voting and splitting up the reward pool. It doesnt matter if it is 10 million HP or 200 million HP.

Obviously the lower the number, the more each of our votes are worth.

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