Genital piercings heal very quickly. The body has a lot of blood flow in that area, and your own urine helps to clean it.
I have a clitoral hood piercing, and I'm still not sure what I think of it. The day after I had it pierced, I bled from it for several hours... constant drip drip drip.. I was beginning to get worried... but the blood stopped. Then, for the first week, I had a pretty nasty bruise, and it was sensitive. After that, it felt pretty good as long as I wasn't applying pressure to it. I think within two weeks it was healed completely.
It feels really nice when I masturbate, but I haven't noticed a difference during sex at all. And, unlike popular belief, you don't feel it most of the time when you're just walking around.
