Q: Table TZ-4b - I am assuming that if you are on target you are also in formation as well.
A: If you are on target after you have modified the final DR on TZ-4b, you are in formation if the final result was on target.
8.9.5 If you have been Hit by Flak and the Formation is On Target modify the final result from 8.9.2 above with the modifiers on the lower half of TZ-4b. If the result is still On Target, you are in Formation and bomb on time. If the result is Off Target, your timing is off, or you may have been forced out of formation for a short while, and your bombs miss the target. (See TZ-5a and modification for Player.) If you are in formation and your Bombardier (Togglier) has been wounded and/or Bomb Release has been damaged add also the modifiers at the bottom of TZ-4b.
Q: Table TZ-4b - I also assume that if you press on to the target zone out of formation that this table is skipped and you are automatically off target?
A: Yes, since you don't have a bomb sight installed as a Togglier, you are off target.
Q: What is a skill level and what is considered a lead position?
A: Skill level depends on the number of missions a crew man has flown (see 11.3). A lead position is ship #1 in each flight. #1 in the lead flight is the box leader (as well as lead flight lead).
Q: Is it the flight or group aspect on the reverse of the Mission Sheet?
A: That is a view of your flight from above. (See 2.90.0 Formation Position.) I have added "POSITION IN FLIGHT" on the Mission Chart.
Q: When out of formation, there is no friendly fighter cover?
A: If you have Area Cover, you will still have Area Cover when you are out of formation. Close Escort is not available. (See 7.45.10 and Table CT-4d.)