Does this mean if Saturn Girl is assigned the Electro Blast Ring (giving her in total) and she targets two characters with Strongest Mind There Is, but only 1 target has a token, she only gets +1 to attack against that specific target and not against the other?

Yes, that is correct.

That is correct.

Stop trying to cheese everything up.

Um, my question was to make sure the figure was as weak as I wanted and no stronger.
I never attempt to "cheese it up". I simply want the written rules to be written to match intent, so the figures are played as intended. When it comes to power level, I also prefer things to be less powerful and less abusive when we're waiting to hear from design or waiting on a ruling in the cave.