I haven't flown BA in about a year now, but due to the recent 1 SPG point -> 1.625 BA miles transfer promo, I'm going to book 2 RT J TATL tickets, using miles, for me & my fiancee.
Question 1 - seat assignments
I have no status on BA ( well, Blue

). It used to be that you couldn't make seat assignments in Club World until 24 hours before scheduled departure unless you were a Gold or travelling on a full-fare ticket.
Is this still the case? Our travel is going to be in peak season (end of May/beginning of June) - what are our chances of getting seats together?
Question 2 - flexibility
There will be four segments in total - an outbound (ORD-LHR), and an inbound (LHR-ORD) for each of us.
Should I book the trip all on the same award PNR, or else book 4 one-way award tickets? Which provides most flexibility?
Thank you!