1) I chose the 27500 Ohm resistor such that the typical reverse light current (60uA) will create a 1.65V signal on Vout of the opamp.
Thank you for providing a decent explanation of your thinking, plus links. Too few people manage that

The PD characteristics document is a good starting point.
It is unwise to rely on any "typical" value, especially one that is temperature sensitive.
The mean output voltage will depend on the ambient light intensity - and that will, of course, change as equipment moves.
Have you assessed the relative intensity of the modulated light vs ambient light + dark current, over a range of conditions? Possible contexts: analogue saturation, required ADC resolution, and your device's ADC's ENOB.