The cutout over the star is simply to keep the ball from getting stuck. Simple as that.
As for the pins, I used them to my advantage. I left them out until I got the protector in just the right place. At that point I drilled holes just big enough for the pins to fit through and pounded them back in place. Now the pins hold the protector and keep it from moving at all. When I put the protector on my Abra Ca Dabra, I noticed it could move back and forth a little, so I found a hidden spot under a plastic, drilled a tiny hole and used a small screw to secure the protector.
The fact that these protectors completely level cupped inserts makes them a God send for EMs. I really hope they do Target Alpha!