I've had mine for about five weeks now, and I've transformed it many many times. I consider myself a fairly meticulous person, so I am very precise with the transformations.
1) Yes, there are gaps around the forearms in fighter mode, simply because the forearms have a somewhat curved aesthetic that has to fit into a straight fuselage. The gaps are not very big, however.
2) I could never get the belly plates to come together completely. Just like you, squeezing them together unseats some other tabs. I've never been able to find a way to "fix" this; however, the gap is very small, and I've just chalked it up to complexities in engineering and number of parts, after a couple hours of poking/prodding/looking around with an LED flashlight.
The perfectionist in me says that it could be even better, but as it is, with its (very) small flaws, the YF-21 is a stunning bird in all forms.