Pullbacks of intermediate/middle extensions and Gabber's purity theorem
Note : [BBD]=Astérisque 100 by Beilinson-Bernstein-Deligne
The answer to the first question is basically Deligne's "generic base change", by which I mean theorem 1.9 of SGA 4 1/2 [Th. finitude].
I suppose that you are in part (b) of the second proof of corollary 5.3.2 in [BBD]. So you're assuming that X is affine, and a "projection" is just an embedding of X into some $\mathbb{A}^n$ followed by a projection on one of the coordinates. So $f^{-1}(v)$ is just the intersection of $X$ and of a hyperplane varying in some pencil.
Let's start with the fact that $i^*\mathcal{F}[-1]$ is perverse for generic $v$. Note that the inclusion of the complement of $f^{-1}(v)$ (in $U$ or $X$) is an open affine embedding, so $i^*\mathcal{F}$ is concentrated in perverse degrees $0$ and $-1$, and saying that $i^*\mathcal{F}[-1]$ is perverse is the same as saying that ${}^p H^0 i^*\mathcal{F}=0$, and it is also the same as saying that the adjunction $k_!k^*\mathcal{F}\rightarrow\mathcal{F}$ is surjective, where $k$ is the embedding of the complement of $f^{-1}(v)$. This is proved in the proof of lemma 3.3 of Beilinson's "On the derived category of perverse sheaves". Basically, you base change the whole situation over the space of all hyperplanes in $\mathbb{A}^n$, you prove that the obvious analogue of the statement you want is true there (it follows easily from smooth base change), and then you use Deligne's generic base change to go back.
Actually, you can apply this proof to a finite family of perverse sheaves on $U$ or $X$, not just one (you'll get a dense open subset of good $v$ for each sheaf, and you just take their intersection). So, after restricting $v$ a bit more, you get the perversity of $i^*(j_{!*}\mathcal{F})[-1]$. In fact, what this really show is that you can make the functor $i^*[-1]$ exact on any finite diagram of perverse sheaves on $X$ or $U$ by taking $v$ generic enough.
Now for the isomorphism. I won't assume that $j$ is affine. First, by generic base change (again !), if $v$ is generic enough then the base change map $i^*j_*\mathcal{F}\rightarrow j_*i^*\mathcal{F}$ is an isomorphism. Using the remark above, we can also assume that $i^*{}^p H^kj_*\mathcal{F}[-1]$ is perverse for every $k$ (and that $i^*\mathcal{F}[-1]$ is perverse), so the two spectral sequences that give the ${}^p H^k i^*j_*\mathcal{F}={}^p H^k j_*i^*\mathcal{F}$ are concentrated on one line or one column, and we easily get $i^*{}^p H^kj_*\mathcal{F}[-1]={}^p H^k j_* (i^*\mathcal{F}[-1])$. In the same way, using base change and the remark above, we can make sure that $i^*{}^p H^kj_!\mathcal{F}[-1]={}^p H^k j_! (i^*\mathcal{F}[-1])$.
Remember that $j_{!*}\mathcal{F}$ is the image of the natural map ${}^p H^0j_*\mathcal{F}\rightarrow {}^p H^0 j_!\mathcal{F}$. Applying $i^*[-1]$ to that map and using what I wrote above, we get for $v$ generic enough the map ${}^p H^0j_* (i^*\mathcal{F}[-1])\rightarrow {}^p H^0 j_!(i^*\mathcal{F}[-1])$, whose image is $j_{!*}(i^*\mathcal{F}[-1])$. Of course $i^*[-1]$ is not exact in general, so why would it preserve images ? But by the remark above, I can make this functor exact on any finite diagram by restricting $v$ a bit more, so that's it.
Second question : You need to know that $j_*$ commutes to restricting to the fibers of $\overline{X}\rightarrow Y$, and you also need to know that restricting to the fibers will preserve perversity (up to a shift) for all the perverse shaves you're using. The first is true by lemma 2.1.10 in SGA 7 XIII if you assume that $\mathcal{F}$ is tamely ramified along $\overline{X}-X$; it's not true in general. If you assume that $\mathcal{F}$ is tamely ramified, then I think that you're okay. (Not sure why you would need to cut $Y$ with divisors.)