Well, I've had a chance to try several of the above methods now, and in general, I think I prefer pedestrian's method of leaving the skins on if I know that my downhill will be interrupted by many sections of uphill. If for some reason I think I can stomp through without the skins, then I definitely unlock the heels. (I can't lock and unlock at will because I have the dynafit bindings.) I also suck at skating, but it is still possible to side step or herringbone with heels unlocked. I was out one day with some guys with half-skins, and they were bumming when the going got a little steeper (sliding backwards, etc). I tried wax one time, and it was okay for the more gently rolling terrain, although I hate to have one more piece of junk (or two or three if you like to bring different colors) to worry about remembering to bring. (Plus I forgot to scrape it off before the next time I went downhilling. D'oh!)
-Carissa