You're correct that for a type 2 on diet only/metformin, spreading the carbs evenly isn't necessarily the right way to go. Some can't handle carbs in the morning, so go carb free then and have more later. I'm opposite to most it seems. I can handle lots on the morning and few later. You need to test to see when is best for you to have your carbs.
With exercise, if you're doing it to keep BGs down rather than just losing weight, I find that exercising hard for just ten minutes about an hour after eating the main carby meal of the day, when BGs are probably peaking, brings them down quicker and further. As a bonus, it does also help with weight loss. If its raining, just go up and down stairs for ten mins as fast as you can!