2...I've yet to find a good explanation of the inner workings of an RCBO, but is is often said that the 'residual current' part of it is 'electronic', rather than electromagnetic as in the RCD. If that's true, what does that actually mean ....
There is no difference between the RCD part of an RCBO and a standalone RCD - well none that are specific to the different type of devices, there may well be implementation differences. In both cases, the sensing system is typically a small toroidal transformer which detects the difference between line and neutral currents. In principal it would be possible to use the current in the sense winding to directly operate a trip, but in practice, it's easier to make a small electronic circuit to allow precision in both tripping level and time - a purely electromechanical system would trip faster under higher fault currents (more force = higher acceleration on parts) and a reliable, precise mechanical delay is not easy to achieve.