Homemade limoncello tips (ever-clear)

Hey all, I’ve been steeping this for two weeks now, and there are so many different recipes out there I’m not sure what to follow. Initially I made this for Christmas, 1 bottle of everclear, two separate batches, 10 lemons worth of peel per batch. The one for Christmas was steeped 6 days, and came out pretty good according to my guests. Here is what it looks like now after two weeks, and I’m reading online that once the peels look pale I should stop steeping, as it can become waxy and bitter if steeping longer. I have not yet added any simple syrup. My questions follow.

Is it possible to oversteep with everclear?

Based on the color of the limoncello and lemon peels, is it looking like it’s done?

Does limoncello reach a point where there is no point in steeping longer because it’s already obtained all the oils and flavor possible from the lemons?

Does the everclear mellow out after a bit, or since it’s now a lower abv alcohol will it always be a bit “hot”?