I think this is just how Motion Plus is for everyone? I got into the habit of re-centering my sword after each swing, which eventually become relatively natural.
It will be interesting to replay the game in Dolphin some day with a more accurate motion controller.
Yep, you press the down arrow on the d-pad. Fi does tell you about this, but I guess that's the other problem with giving too many instructions—you start ignoring them!