I had a Formula fork for several years and I was very happy with it. The function was great. However, it developed the same issue as any other fork I had (be it RS Pike or Fox 38) - creaky upper legs / crown. Has this been somehow improved with the Selva V?
Regarding the high weight - you believe that you have the 35x35 stem but in fact you have the 50x35 stem - compare graphics (the bears) - 50mm comes with 2 bears, 35mm fits only 1 bear. You have 2 bears.