Hi @nampt ,
Thank you so much for your interest in our products and for using our community.
Please refer to this application note, it is very helpful.
https://www.nxp.com/docs/en/application-note/AN13264.pdf
Question1: I'm wondering how to create the project.
Answer1: For MCUXPresso IDE, you can import SDK demo as the following Fig show.

For IAR.

Question2: Should I configure, generate all peripherals in the master core (CM7) or on separate cores? And what should I do if both cores are using the same peripherals?
Answer2: Please note that multi-core can not using the same peripherals at same time.
Please refer to the AN13264 and AN13114
Wish it helps you.
If you still have question about it, please kindly let me know.
Best Regards
MayLiu