Worldwalker, there is a special place in hell for people who say "masterful" when they mean "masterly". It's next door to the one for those who don't know the difference between "barbarous" and "barbaric". I sometimes muse on the tortures being inflicted there; I find it helps my blood-pressure (N.B., the hyphen is required, avoiding a momentary ambiguity -- I would argue that your use of the compound does not, so no criticism intended!)
As for capitalization of titles, I have just found this:
http://www.writersblock.ca/tips/monthtip/tipmar98.htm
I'd never seen the rules set out before.