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Check the wiki, use Google, etc.
The wiki, based on the mathematics of the skill, would disagree with you.
The bleeding damage is seriously weak compared to the base damages of the weapon. Once you bring Smithing into the equation you'll be lucky if it changes the outcome of even a long fight by 1 attack.
And yes, only getting the skill the 100 and resetting it or completing Dragonborn can re-spec the perks without having to use mods.
Pretty much all of the weapon specific perks are flaming piles of garbage, actually. They are (marginal) DPS increases so they aren't bad in that sense, but they sure aren't an efficient or even good use of perk points until you're just looking for things to dump them into.