i'm rapidly approaching my first ag brew!

i've been reading up on sparging and mashing and to make sure i understand everything i have a couple of questions for the more experienced brewers out there!
firstly i'm gonna be fly sparging...and from what i can gather this seems to involve a continuous sparge until either the boiler is filled to the required level for the boil (brew length +losses) or the runnings test .990 on the hydro (apparently this is 1.080 after temp correction..is this correct??)
so, lets say that my runnings get down to .990 before i have the required amount of wort for the boil, does this just mean that i have achieved an efficient mash? and that i can just transfer brew liquor from my hlt directly into the boiler until i get the required amount (brew length + dead space loss + evap loss+ hop loss) ???
similarly
if i achieve the amount required in the boiler before the runnings get down to .990 does this imply an inneficient mash?? and therefore there will not be enough fermentable sugars to achieve my target strength??
hope someone can shed some light on this for me??
KJ
