TIG is a scalpel while MIG is an axe. 
Are you using the pedal? It will help you to learn just how much power you need. You want to use just enough power to make the weld but no more. 5/16" plate is pretty much at the limits and then some, of that machine for a single pass weld. Probably better off to lower your power and do multi-pass welds to join it. For just running beads for practice, it's ok, but again I would back down the power a little, and that will take care of the holes. You will learn more if you work with 1/8" or even 1/4" for your practice pieces. They are more in the machine's comfort range, and will teach you more about what is too much power. If you touch the tungsten to the puddle, you need to stop and regrind the point. That the point isn't sharp is not as much of a problem as that it is contaminated with steel. For some things you will want a needle sharp point, but with high power, you may knock a small flat spot on the tip to allow it to handle more current. Overall I'd say you are looking real good.
Long arc, short arc, heliarc and in-the-dark!