Sulfur tends to stick pretty well. As we start getting into hot weather, I would be careful applying sulfur, as it can burn.
Fruit drop is pretty normal. "Excessive" drop can be ameliorated with good cultural practices, such as watering and fertilizing. However, what constitutes "excessive" is cultivar-specific and requires some knowledge of what a tree is capable of producing.
Typically, one fruit per panicle is good fruit set. On cultivars whose fruit are small, you'll usually see many fruits per panicle that will stay til harvest. And on large fruited cultivars, you might not expect more than a fruit per 3 or 4 panicles.
Some folks like to see multiple fruit per panicle and get upset when fruits drop (eg, my wife). However, as a rule of thumb, more fruit per panicle means smaller fruit and vice versa.