Dopedangel I have news !! I bought Calibre Companion.
Calibre Companion ALSO IGNORES the metadata in Calibre - and just sends the PDF !!
In that case, I cant actually see ANY value in Companion for anything (why not just connect via cable and says use Explorer) - fortunately it was only a few dollars wasted.
I had a few other problems with Companion (e.g. it took two hours to figure that it wont work with "Where's My Droid"), but again - irrelevant, I wont be using it.
Looks like the best option is (2) above.