Somehow, I'm not clear what you're asking about the bridge locator holes. Perhaps a rephrase?
As for routing by hand from above or following by pilot from below, sometimes that's a matter of comfort level. Routers are wicked, powerful beasts, and you can make a helluva mess or do a helluva lotta damage in a hurry either way. The advantage of face-down routing is there's less chance of the piece getting away from you than there is of the router getting away from you on the top. But, you can't see what you're doing, so you have to sorta envision what's going on, planning your moves so you cover all the ground you need to. Of course, if you don't get everything out you want out, you can always go back at it. Just have to be careful about your handling.
As for taking out truck windows and/or the neighbor's cat, I've lived in constant fear of that since the first time I powered up a router. Beasts, I'm tellin' ya! The damned things are beasts! But, you can mitigate that possibility to a great degree by swearing off 1/4" shank bits wherever possible. They're just too tiny. Bloody router is screeching along at 33,000 rpm, and you wanna entrust a finely sharpened piece of carbide to stay on the end of a little thing like that? Begging for trouble, if you ask me. Laws of physics, and all that. If your router won't take 1/2" shank bits, buy a new router. They're cheap, relative to emergency rooms. Might not be the truck/cat that gets hit next time. Might be your son's carotid artery, or your wife's eye, or your dick! :laughing7:
As for slowing down the router, that's not usually the reason you're burning things. Good machinists are those who know about "speeds and feeds". That is, how fast the the cutting tool moves vs. how fast you give it material to cut. We're talking about wood, but the same principle applies. If you try to feed material faster than the cutter can cut it, you will build up heat due to friction. Wood burns at a fairly low temperature, so that starts happening first. If you ignore it, the tool will get pretty hot as well, and if all it does is lose temper, soften and dull, you're lucky. All that does is cost you money. If it flies apart and puts a hole in your roof, well, it serves you right and you should count your blessings. Could've been your femoral artery. You can have the router running at full-tilt boogie, and as long as the tool is sharp and it can spin without slowing down due to load, it's unlikely you're going to burn anything.
Not that slowing down is a Bad Thing. Some material can't be cut quickly. Plastics, for example. Some of them heat up fast and melt at low temperatures. Some want stretch rather than cut. Some are more brittle. But, that's a different discussion.