Hi Ereona,
1. I have NArrowCallout attached to the data point in the line series. It has the default EndCapStyle: Arrow with size 5x5. But I see that the arrow not points to the data point. I tried to set the Offset property, but I have not seen any changes.
Can you post the code that configures the callout?
2. Is it possible not render part of annotation (or the whole annotation) that is on the chart but outside the area bounded with axes?
No - the chart cannot clip child panels at tis point. You can wordaround this by using custom painting (All examples\Custom Painting). There you can set a clip region based on the plot bounds of the chart.