for the first bit you said For this I used v^2 = u^2 + 2gs where, for the way down, u = 0, g = -9.8 and s = 1.2. I got -4.85 m/s
g should be +9.8 because it is falling down, not against gravity
way up should be -9.8 because it is against gravity
think about dropping something from a tall tower- it will not stop falling cos it is with g
but it you throw something upwards, it will eventually come to an instantaneous rest