Yes, the Shake Awake feature is standard on all current Holosun red dots.
Yes, using the lower 1/3 mount included with this optic, it will align and function as intended with the UTG 3x magnifier.
Yes, the red dot will allow for the sights to co-witness in the lower 1/3rd.
No, this is a full size red dot and is NOT a laser. It should not be mounted below any firearm.
The Holosun Elite HE403B 2 MOA Micro Green Dot Sight will likely cause the same issues associated with shooters that have an astigmatism. Although, green is debated to be slightly better than red reticles for shooters that have an astigmatism. The best type of optics would be prism optics as they utilize a lens and etched glass to produce the reticle. My recommendation would be the Primary Arms SLx 1x MicroPrism Red Dot Sight, as it uses prism technology which will allow the reticle to appear much clearer for you. It can be found by using the link below:
https://www.opticsplanet.com/primary-arms-slx-1x-micro-prism-scope.html
The Holosun Elite HE403B 2 MOA Micro Green Dot Sight comes with a low profile picatinny rail mount and a high picatinny rail mount. So you will not need to purchase an additional low profile mount.
Yes, the model with the green 2 moa dot and 65 moa circle is the Holosun HE503CU Elite Paralow. You can find it here:
https://www.opticsplanet.com/holosun-he503cu-gr-elite.html
This optic can use the Aimpoint Micro mounts
The lenses are fully multi coated .
Yes this will work and will allow 1/3 co-witness.