All you brake gurus out there...I need a bit of clarification please. Ive read this thread a few times now and am not seeing my answer so here it goes...

I have pulled my front wheel (new tire getting installed tomorrow) so I figure why not repalce the pads while I'm there.
Paint stir stick between the new pads (same thickness as rotor), caliper is hanging currently and lever held tight by tying it down. Here are my questions:
- Do I leave the resevoir cap on or off?
- Is the caliper OK to hang overnight by the brake hose or should I alleviate some tension via zip tie or otherwise?
- Should I use that anti brake squeal stuff and if so where (Ive never used it on my cars so I have no thoughts on it)?

Thanks

SOLD: 07 Black BA, 39mm FCRs, TPUSA stage 1 head, TPUSA 813 cams, TPUSA 10.8:1 pistons, TTP #3 igniter, Specialty Spares Long Cannons, Tsukayu Hard Bags. 82HP/55tq NEW: 19 Goldwing Tour DCT