1) If we are spiritually outside of Christ, we have not been saved by grace. When God sets us apart in Christ, that action is both merciful and gracious. Once in Christ, we receive more grace, more undeserved blessings.
2) Yes God does credit our faith in Christ as righteousness and set us apart in Christ, 2 Thessalonians 2:13.
3) Yes, we are justified by faith. When God credits our faith as righteousness, He places us in Christ where we are justified by the circumcision of Christ. Our faith provides the access to God's grace of salvation, Romans 5:1-2.
4) Yes, once God puts us in Christ we are justified by His blood, and more than that, we shall be saved (ultimate sanctification - a future aspect of our salvation) from the wrath of God, undergoing the resurrection to life, rather than the resurrection to death.
5) Yes, we are justified through faith in Jesus Christ by God crediting that faith and placing us in Christ.
6) Yes, no one is justified by the works of the Law.
When studying scripture, we must look at all the passages that address the topic. If a step is in one, but not mentioned in another, that does not indicate the step is invalidated; rather the step must be assumed to harmonize the verses.
I have an understanding of how salvation works that is consistent with all scripture. Four of the five points of Calvinism do not fit with any scripture, contextually considered.
The "Faithomatic" transmission is found nowhere in scripture.
BTW, take a look at the NET translation of Galatians 2:16.