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what you call "the two-sheeted hyperboloid" has as real part a sphere rather than the union of two projective planes. For double covers with branch locus of higher degree I don't see why it should be the union of two projective planes. if it's true, can you give an argument?
The support of $\mathcal{F}$ is a closed subscheme of $\mathbb{P}^n$ and I assume that this is in fact a variety (thus reduced). Why does the formula not make sense?
thank you for that detailed answer! the thing you say about $\mathbb{Z}[\frac{1}{2}]$, is it somehow hidden in O'Meara's book? when I went through it, I couldn't find it, or have I just overlooked it? Can one say something similar about $\mathbb{Z}_{(2)}$?