As far as I know it is not possible -- without code changes -- to
control where the watermark appears. But then again, we're new to
ResourceSpace so what do I know?
You should be aware, though, that if the watermark does not appear on
preview and thumbnail then it would be possible for the user to right-
click-copy and paste that image -- with no watermark -- into some
other program. This is true even if restricted access means they
cannot download the image.
Regarding your second question, it should be possible to create a
slightly larger watermark image, with transparent space around the
actual watermark text, to tune how it effects image visibility. I
suspect that if you add too much space, though, you might not see any
watermark at all on smaller images.
Bill Peterson