I have six of these, not adult yet, but they are quite fascinating. Funny you mentioned Hierodula, their threat pose is almost exactly the same - they even have black in between the segments of their abdomen that are exposed when they flatten their abdomen. Hierodula membranacea have this and a red spot as well.
Behavior wise, what I've noticed from them - they tend to be skittish. When something startles them they'll look at it and narrow their antennae. Then they either go into a threat pose, or they skitter off. They are very fast when frightened and I've almost lost a couple in my room due to this. After running off, they will flatten themselves close to whatever surface they are on to mimic a leaf and aid in camouflage. However, it isn't even seconds later that they can be coaxed onto my hand and they behave normally.
Life history wise, it seems both males and females develop at the same rate. Although it remains to be seen who will become adult first, I am guessing the males followed shortly by the females.
Size wise they aren't as big as any Hierodula I have kept. The females I have are sub-adult and yet still just a tad larger than an adult P. wahlbergii. I think it kind of defeats the purpose of calling them "giant shield" - if they wind up about the same size as Mantis religiosa, is that about the right size they are supposed to be?
They are quite aggressive, the sub-adult females will gladly take a meal worm and all of them will chase down crickets. I've had them on small crickets starting at 5th instar.
They are easy to raise. I haven't had a bad molt. I have only had bad dreams about finding one on the bottom, but in reality they seem to have no problem molting. The six I started with are the six I have now.