Most people will tell you that Bi-amping does no good at all, it basically is just doubling the speaker wire and you will get maybe a 1% improvemnet in sound. Same can be done by just buying thicker gauge speaker wire. I feel your time (and money) will be better spent on room acoustics. I would go with not bi-amping.
I would set the selector switch to 6ohms (so you don't overpower the amp in 8ohm position - you are basically restricting the voltage when going with a lower ohm to help control, the power). In theory a quality should double the watts going from 8ohm to 4ohm (so 100watts in 8ohms would do 200 watts in 4ohms, but in recievers those numbers vary greatly, so I can't give you a set number, but the watts should be higher. And no you would not be overdriving the speakers, most of the time, your receiver is chugging along at 2-5 watts total, it's only during brief explosions or intense scenes that your reciever would push more power to drive the mid range and woofers. If you have a sub, than I wouldn't worry at all.