Bill,
Glad you like the looks of the EKM-Omnimeter Pulse v.4!

This meter does come with a load of new features that really open up a world of possibilities.
Yes, this meter has separate kWh registers for each line, so yes you can have a 120 volt 2-wire load on each of the 3 lines and get back both Total and Reverse kWh on each of these 3 lines. So this meter can act like 3 separate 120 volt meters or a 120/240 volt 3-wire meter and a 120 volt 2-wire meter. Or on foreign 230 volt 2-wire systems, it can also act as 3 separate meters.
Just be sure you are looking at "Total Kilowatt Hour L1" for the kWh value on line 1 only. (separate from "Total Kilowatt Hour" which is the overall meter total). We are working to implement more of the features that the EKM-Omnimeter Pulse v.4 is capable of in the EKM Dash.
Here is more information about the EKM-Omnimeter Pulse v.4:
http://www.ekmmetering.com/omnimeter-pulse
Yes, you can run 2 or more wires through the same CT on any of our External CT meters. The wires must be from the same phase and pass through the CT in the same direction. This is useful for combining circuits or in the case of large systems, for metering parallel feeds.
We will be interested in seeing what you come up with. Are you planning on using the controllable outputs?
Regards,