Hi Bryan,
Thanks for your valuable inputs.
For point #1: I understand where your are coming from but as I mentioned the max swing of my input signal is from +6.25mV to -6.25mV. Multiplying it to gain of 128x will yield +/-800mV. If I use the excitation voltage as the Vref which is 5V, then then I am only using ~1/6 part of the full scale. Hence My idea was to give a stable external Vref of 1.25V so that the range is better utilized.
For point #2: Ok. I will place it near the ADC chip. but as I mentioned the SCLK and DIN are coming from the MCU and if the intent is to reduce ringing, generally resistors are placed near the source of the signal. You can give a re-thought.
Thanks,
Siddharth