It's all automatic, yes. All you need to do is check your horses current level before entering them on the show, and then see how well they did if you want to add the results to your records. You personally don't need to calculate anything!
To me, he looks like a tovero, just as your reference is. A tovero, is tobiano + overo. Since overo isn't allowed in Icelandics, you might have a difficult time registering him. If you're aiming for a splash + tobiano, this is a good example. As is this, this, and even this. If you really wanted to, I believe he could be registered as unrealistic.
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