Thank you so much for bringing a very good point for discussion here. In my opinion, Junction as a line of demarcation comes into place because shoulder on facial aspect is 1.5 mm in width where as chamfer on palatal aspect is approx. 0.6-0.7 mm in width. There's more reduction on facial aspect since you remove more enamel to prepare a shoulder. Yes, shoulder and chamfer should be continuous with each other at both junctional line and bevel, that could be achieved after placing the bevel and while doing finishing work on your tooth prep, you may use your finishing burs at slow speed on shoulder/chamfer interface and move the bur same as of spreading butter on the bread(or kissing the proximal surface by finishing bur!); continue in a same manner till shoulder-chamfer interface is EVEN. btw, use the same high-speed handpiece apparatus and you may still reduce the rotation speed by paddle controlller!! work cautiously since there's a high risk of making undercuts or damaging the finish line.
In most cases, you won't need to place grooves for PFM/Full Gold crown preps on a bench test. Grooves are for secondary retention purpose and FULL GOLD/PFM crown has adequete surface area both occlusally and axially to provide primary retention. Since you work on typodont normal teeth during bench exams, no such features are required on FULL Gold/PFM tooth preps. (Yes, partial veneer preps such as three-quarter & seven-eighth do require grooves!).
Lastly, Where should the junction of shoulder and chamfer be placed? You may put the junction LINGUAL to the contact area so that you'll be in a position to achieve some more bulk of porcelain towards the facio-proximal aspect for both esthetic reasons and gingival health. On the anteriors, certainly the junction has to be lingual but in posteriors, it does not actually matter much whether you keep it lingual or facial. I would suggest to keep equal amount of chamfer and shoulder for posterior teeth OR even placing a shoulder/chamfer interface slightly LINGUAL to the contact area is fine. (reason: If placed buccally, then the junction allows little space at facio-proximal aspect for the metal, opaquer and porcelain. This may result into an "opaque" and unnatural looking restoration in the proximal area, since the porcelain will be relatively thin in that region and metal backing will get exposed on the facio-proximal region. Besides, when junction placed buccally, the lab technician may have to overcontour this region in order to compensate for the thinness of the porcelain which, inturn, may compromise the periodontium.) hope that makes it more clear now! Best!!