I found a table showing how much credit you get to your rating against the rating of the ship you kill. (Sorry, can't remember where I found it). Obviously if you are high-ranked and kill small-fry it doesn't help at all. In my case (Dangerous) Novice or below gives me no rating boost at all, Competent to Master gives a partial boost. Targets at or above my own level are obviously the best.
Personally, I have no problem with using High Res areas rather than Haz Res. I am quite happy to take help from the local police just to speed up the kills and I find the spawn of Dangerous and above is quite reasonable. You just need to be cautious when the police are crowding the target or you'll clip one of them and get a bounty. Hopefully the changes in 3.0 will help that. If the numbers of police get too ridiculous I just leave, turn around and drop back in again to reset.
As far as I know the rating boost is applied in full if you kill in a wing, even though bounties and combat bonds are split. (Perhaps someone else could confirm that).
That table it available here: http://elite-dangerous.wikia.com/wiki/Combat
Bounty hunting is 100% not a focus when simply doing combat rank. That's why an Anarchy system is a must. You can simply select the next ELITE ship and fire away. You can bounty hunt with a Kill Warrant Scanner in this system. To reduce your number of scans, KWS the ships that ask what you're carrying. But if bounty hunting is your thing best done in a non Anarchy system.
So to be clear this "Perfect Storm" is just for COMBAT RANK. Not BH.
Side note: Last night I was blown up by a station without warning, I've raised a ticket but I'm wondering if my new found "fame" with the locals may have bitten me without warning. If the Purple boys own that station this may be the answer. I'll find out tonight when I get back on and try and leave that station....