Short answers are:
1. YES.
2. Yes, if you are VERY careful.
80 micron goldfill sounds like a lot, but it is only .080mm, or .0032 inch. However, on the bracelet (including the clasp), it is typically 20 microns, or .0008 inch. All Pulsar and Omega LED watches were made to this standard. Hamilton did RGP (Rolled-gold plate), which is another process.