Suppose given a Hamiltonian and holomorphic action of G=U(2) on a compact Kähler manifold M, with nowhere vanishing moment map. Given an integral coadjoint orbit mathcal {O} for G, under transversality assumptions we shall consider two naturally associated ‘conic’ reductions. One, which will be denoted overline{M}^G_{mathcal {O}}, is taken with respect to the action of G and the cone over mathcal {O}; another, which will be denoted overline{M}^T_{varvec{nu }}, is taken with respect to the action of the standard maximal torus Tleqslant G and the ray mathbb {R}_+,imath varvec{nu } along which the cone over mathcal {O} intersects the positive Weyl chamber. These two reductions share a common ‘divisor’, which may be viewed heuristically as bridging between their structures. This point of view motivates studying the (rather different) ways in which the two reductions relate to the the latter divisor. In this paper we provide some indications in this direction. Furthermore, we give explicit transversality criteria for a large class of such actions in the projective setting, as well as a description of corresponding reductions as weighted projective varieties, depending on combinatorial data associated to the action and the orbit.