Thank you so much for the review and read-through. Regarding trait points, your second reading is correct but it's unclear due to an error on my part, in one of the initial tests of the system traits were limited by level and I re-interpreted that line when I was doing edits instead of removing it entirely, the result is unclear.
I'm working on a full re-write of the book that re-structures the way that a lot of the information is presented, hopefully that will resolve the issue with the rate at which the concepts of ability points/serendipity points are introduced.
If you ever have any questions or want to give some input on the development of the update feel free to jump into our discord!