Can only answer part of your question, as our kids don't have IQ scores for comparison. Both our DD and DS scored 99% on the verbal and received 99% composite scores on the CoGAT. Our school gives the whole test. Both kids scored lower than expected on the non-verbal/quant sections, though DD reported that she didn't finish either section (she was a methodical perfectionist at the time, which probably explains it.)
Actually, the assumption about the CogAT that probably bugs me more is that kids who do well on the CogAT are not creative, out-of-the box thinkers. DD is VERY creative, and is DEFINITELY a very out-of-the-box, independent thinker. I think she could be an inventor.

Totally agree with this- both my kids are creative, and my DS, who scored higher than DD, is quite "out-of-the-box" as well, though I think both are good test-takers, skilled at understanding what questions are asking, if that makes sense.