This is a pretty good recap of the situation. The only thing I remember different is that the Waters fight was made to hype up Trinidad vs Norris, with it being a WBC eliminator of some sort. Then it shortly after fell apart and Norris did win in court against King and his former manager.
I think Hopkins had good solid power at 160. In the 90s before he became more of a negative fighter Bernard was more aggressive and threw more punches. A clean shot would most likely hurt Terry.