My buddy just gifted me today a new rev II to accompany my 1.5 std. and vented.
Opinions would be appreciated...
Would 11" handles be better suited for this kite than my 13" sets?
Would i get a substantial improvement in lower wind if i swapped out the 4 wrap rods with some race, or 2-wraps?
You like more or less the same brake settings on the line as when flying the 1.5's?
The winds were only 1-3 today, so i didn't a chance to try it out yet.
I can't wait. 
Shorter handles are much better suited for a REV II, in my opinion.
I wasn't aware that there were 4 wrap rods available for the REV II. Could you by chance have the 3 wrap rods?
The two wrap and race rods are lighter and will give you and advantage in lighter winds. However you must remember that the 2 wrap in particular are a bit more fragile.
Too much wind or hitting an object such as the ground at an angle can pop them.
Brake settings will be your personal preference. Adjust until you find what suits you best.