Aloha. I guess I'll use this post to introduce myself. My name is Curtis. I am currently living in Honolulu and moving to Austin for work (programming) sometime during this summer.
I've lived in Hawaii for about six years and been involved in many parties with an "imu" pit. There's several things you need to know, but your preliminary information and estimations are pretty good. Fewer pounds means fewer hours, though I have never seen a pig go in the ground for less than about 5-6 hours. That being said, I have never seen a pig smaller than probably 50 pounds go into the ground. You need to consider also that using a thermometer will be difficult if not impossible, if only because the pig is wrapped in leaves and then covered by rocks and even more leaves. If you manage to find some sort of "long thermometer" or something of the sort, minimize the amount of times you stick it in your pig.
Now, I can see confusion about the rocks. DO NOT USE REGULAR ROCKS. As explained by a couple of people (and guessed by yourself), anecdote is correct here: They will explode like grenades if you pick the wrong kind of rock. Here in the islands, we use a special kind of rock. It has a traditional Hawaiian name, but I have only ever heard them referred to as "imu rocks". They are indeed "river" rocks, and at least one person in this thread has mentioned using porous lava rock. This information is correct. The thing about traditional imu rocks is that they are very smooth (from erosion in the rivers) and highly prized. I'm not kidding when I say that you have to know somebody to get a hold of good imu rocks on Oahu. A few years ago some guys were arrested for stealing imu rocks from Maui and bringing them by boat to sell on Oahu. I'm just a regular white guy from the mainland, but as far as I can tell, imu rocks are just smooth lava rocks about the size of a grapefruit (up to a soccer ball, though the bigger ones are harder to get a hold of). There's nothing really super-special about them apart from being "smooth, largish lava rocks".
I've done a little link-hunting for you, and I'd like to offer the following information from a person that seems to know what they're doing:
http://www.primitiveways.com/Imu1.htmlThat's all from me for now. Aloha all and see you in a few months!
-L0j1k