For a C&R, you do not need to fill out and send in the fingerprint card.
I think the confusion is that it's the same form for both 01 (regular FFL), and 03 (C&R). For a 01, you probably need the prints.
The notice to the CLEO can just be a business letter mailed in, to which you'll never get a response from, which is fine.
As to if you want to get it - I would. I've had mine for about 4 years, so I did the renewal last year. Supply was better when I first got it, with Mosins going for 130 bucks and such. I've picked up some nice things with it - couple of Mosins, a Finn M39, a Tokarev, and a Nagnant revolver.
There are still some nice guns out there - thought you'll have to look at Gunbroker or such for most of them now, as the importers arn't importing many items in now.
It pays for itself with 2 buys compared to going through a dealer, with the guns being sent right to your door, which is very cool.
Get it, then pick up a Tokarev and blast away.