If you are sending only the bike (i.e. you are not travelling on the same train) then you book your bike and the cargo will be shipped on the first available 'empty' train. Of course agents get it loaded onto the train of your choice and your date, but if the luggage van is full, then even they won't be able to load it.
2. That is playing Russian Roulette. You can, the question is do you want to. Luggage being lost by the Indian Railways is old hat! Getting unloaded at the incorrect station or carried over to the next station is routine work for the Sarkaar. Things like bikes and perishable goods (fish and meat stink if old) are normally better taken care of and thus are less likely to get lost or damaged.
3. Separately AFAIK. If you are travelling then you get charged less, sent without travelling ticket gets charged more.
4. 2 days they will keep it for free in their warehouse, after that demurrage will be charged. Demurrage can work out to quite a lot if they so desire! Also Bombay would mean Octroi to be paid as well!
Sirjee, four questions don't a 'couple' make


Please do try it out and let us know the consequences! 
so if the bike is sent on the next train that just screws the schedule by almost 3-4 days.

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