^ Well there is several ways to reduce the force of the magnetic brakes: weaker magnets, number of brake shoes, change the gap between the magnets, different alloys in the brake fins, different dimensions of the brake fins, change the spacing between the brake fins, etc.
But as you said, a weaker brake system will require longer brake run...
How ever the brake force depends very much on the speed on which you hit the brakes, the faster it goes the harder it brakes, which is why a magnetic brake never can slow down a train completely.
Then talking about I305, then we know that there are some trims to remove some speed on the last little hill, on it they use lower fins that will not brake the train as hard as the standard fin will do. Then as you said it will be preferable to brake the train on a "high" spot where it is slower, guess why it's so tall and steep? to make the train enter it as slow as it's possible at that point without resorting to some major redesigns of the whole thing, and with the trim brakes removing some speed before then it wont brake as hard as say TTD...
And for I305 using OSTRs instead of T/M/U-bars I think is mostly due to Intamin's track record in the state with people falling of rides in the past, no park want that to happen, so getting a train with OSTRs is a great way to stop that as well, especially in a sue happy country as the USA is...
Also talking about brakes, there is a really good article about it at
Coastersandmore (note it's in German so if you don't know it than you have to run it through Google or something...).
They also have great ride insights and other technical articles about launch systems, designing of coasters, etc.