I’m afraid I need a bit more detail 
I then embed the Faculty weblog into a Faculty template
How do you mean exactly? Do you use the same tags you would use on a normal Static Page? Using the {static_page} value as the category, etc.?
Or do you create the page as though the Static Pages module wasn’t even involved, with the regular tags?
Also, how do I create the template for the individual faculty bio pages? Do I again ignore the static module? Do I create a template group called “faculty” with a template “bio”, then point the individual bio links there?
I really wish we had some comprehensive documentation already :(
Edit:
There’s a post by iain a page or two back that helped me a little. I think I understand a little better now. The “make dynamic” ability simply provides a convenient place to edit and publish from; It’s not for treating your dynamic pages like Static Pages in any other way. Did I get that right?
Well I’m still stuck on a few things. I created a ‘faculty’ template group, then a template called ‘bio’ that will show one teacher’s bio page.
When I link to something like faculty/bio/teacher_name, it only shows the faculty Static Page. Is this because static page names, template group names, and template names are overlapping?