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RE: What are your plans for Aug 1st? Kraken now allows BCCF on their exchange
The 1:1 correlation is simply the number of BTC to BCC you will get, not a value of any kind.
It is vital to understand that once the chains would split, they exactly that - Split - they are separate chains and there is no trading back and forth . .
There are certain attacks which would seek to do essentially what you are describing, but safeguards are being implemented against "replay" attacks, and of course "double-spend" attacks.
So hopefully now, if you picture 2 separate blockchains, one for BCC and one for BTC , with no way for coins to move directly between the 2 chains, it will explain things for you :)
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I've done my best to explain it mate, perhaps a bit more research on your own part focused on the UAHF would be more productive for you - good luck!