For a Macbook Pro, what are some recommend power plan settings for Windows 7 via Bootcamp
Yes, as has been found through testing, Windows 7 gets lower battery life than OS X, for light usage, because OS X has more fine-grained and integrated power management, in a nutshell. There's not much you can do about it in Windows, except for the usual tricks - put down your backlight brightness, disable inessential wireless services like bluetooth or wifi, and allow the system to sleep the display when not in use. 

It seems your particular model (MBP 2011) doesn't allow the integrated Intel graphics to work under Windows - this is going to have a huge impact on battery life. Hopefully Apple fix this, follow the issue on their discussion forums.

Hybrid sleep is primarily a desktop feature, according to Microsoft. Read more at Microsoft's sleep and hibernation FAQ.