I have a feeling you're going to ditch the shoulder pads once you use it in the water...
I think you are probably right, maybe unless the rig is used with a dive-skin only. I have given up trying to second-guess what works best for the ladies though. Their sensibilities and body-mechanics are different enough to skew most of my pre-conceived notions.
...I use a slightly lighter weight webbing for the harness on my freedom plate than I do with my standard plate that I use almost exclusively for doubles these days. There's a decent online webbing store, strapworks.com, that has some good strong-but-flexible 2" webbing. ...
I was recently surprised and disappointed when helping a friend set up her new Freedom Contour with the soft webbing from Strapsworks. It jammed-up with the rollers and was really limp when wet, which made it difficult to don in a wetsuit. It is a great choice for a rig used in warm water against bare skin or a Tee shirt that doesn't use the rollers though.
The reason for the shoulder pads is that the webbing, it is very stiff, cuts into my shoulders as it angles around the arm. This is also the reason that I am leaning toward a chest strap, to pull the webbing away from the armpits. But as you say, it will all feel different in the water. ...
Have you tried the harness while wearing your wet or drysuit? It makes a huge difference to comfort. It is important that the BP/W be comfortable out of the water as well. A lot of problems caused by stiff webbing disappear in a wetsuit, even a 3mm. My suggestion would be to start with the minimal setup you think will suite you and try it out in a pool before adding anything. Less is better and is less likely to cloud your perception of things that can be improved.
I would be surprised if you need a chest strap, especially with the ability to tighten the shoulder straps. The Freedom Plate's shoulder straps radiate from the center-top so are less inclined to sluff-off your shoulder. Shoulder straps on a standard doubles plate are about 5" apart, center-center, so a chest strap is more necessary on a person with narrow shoulders. This may not be enough for a small frame person, but I would verify the need in the water before adding one.
...My backplate does not have holes for sex bolts. It makes it a little awkward to carry when not on a tank, the plate pulls away from the wing. Is drilling a hole in the upper portion of the plate feasible or is there a better solution? I hate the idea of altering the plate.
My friend had two holes drilled in her Freedom Plate for the wing because optimum alignment to the plate was difficult for her. I suggested using ¼-20 flat-head screws with a brad-hole T-nut instead of sex bolts. It worked very nicely.
It does take some experience and the right tool to drill and countersink stainless though. Ideally, you want a drill press set to a low speed, coolant, and a cobalt drill. Any small automotive machine shop can do it for you for a reasonable price. However, I suggest you make a few dives first to find the best position for you.
To my surprise, she wanted her wing to attach much lower relative to the plate than expected. The inflated wing in the "typical" position hit the back of her head. We didn't have to modify the wing (an Oxycheq Mach V), but it had to be pushed down as far as the slots allowed. At least one screw to hold the wing in the sweet-spot is very helpful to ensure it is set up right every time.
The positive side of not bolting the wing to the plate is it is a little easier to clean and pack. With a little practice you may find your wing settles into the best place every time. I would only drill holes if it is awkward to line up.