In either case Extended Masking would certainly hide anything like this pretty easily.
Really? Extended Masking only masks one object per initiate rank. Typically you're carrying 20 or so reagents. It seems impractical to me.
Again there are no hard rules on this so it will be a GM call.
As reagents are low power, they don't even have a force rating, they just have a slightly higher inherent concentration of
mana than normal substances, but they are otherwise identical to their mundane counterparts.
Compare this to a foci which has an actual astral construct embedded in it or a quickened spell which has its own presence.
One might even make the argument that even normal Masking could hide the presence of reagents on your person as you are just smoothing out the wrinkles in your own aura, some of which might be caused by the low key presence of the reagents. You don't risk Foci addiction from carrying around reagents normally so they must be fairly low key on that regard which is reflected as reagents really don't have a force rating of their own but rather measured in drams equivalent representing their potential power more than actual power (force) so it will be up to the individual Gm to decide how to handle this.
Fetishes are a bit trickier, but again the GM will have to consider is it really that table breaking to handwave the fetishes along with reagents.
Now if you are going to allow Astral Perception to insta-spot things like reagents, this could be useful for mage detectives to 'tag' a mark on someone and follow them in a crowd (as a slightly glowing spot moving through a crowd of mundane astral shadows).
Especially if you are going to treat them as separate items, if you know the target is a Masking mage with roughly 5 initiations and a few bonded foci already having a rogue type slip a few extra reagents into his coat pocket means these would be more than his grade in masking so would still show up and again allow you to track him until his notices the extra riders.