The overlap fermion propagator is calculated on 2+1 flavor domain wall fermion gauge configurations on 16^3 x 32, 24^3 x 64 and 32^3 x 64 lattices. With HYP smearing and low eigenmode deflation, it is shown that the inversion of the overlap operator can be expedited by ~ 20 times for the 16^3 x 32 lattice and ~ 80 times for the 32^3 x 64 lattice. Through the study of hyperfine splitting, we found that the O(m^2a^2) error is small and these dynamical fermion lattices can adequately accommodate quark mass up to the charm quark. The low energy constant Delta_{mix} which characterizes the discretization error of the pion made up of a pair of sea and valence quarks in this mixed action approach is calculated via the scalar correlator with periodic and anti-periodic boundary conditions. It is found to be small which shifts a 300 MeV pion mass by ~ 10 to 19 MeV on these sets of lattices. We have studied the signal-to-noise issue of the noise source for the meson and baryon. It is found that the many-to-all meson and baryon correlators with Z_3 grid source and low eigenmode substitution is efficient in reducing errors for the correlators of both mesons and baryons. With 64-point Z_3 grid source and low-mode substitution, it can reduce the statistical errors of the light quark (m_{pi} ~ 200 - 300 MeV) meson and nucleon correlators by a factor of ~ 3-4 as compared to the point source. The Z_3 grid source itself can reduce the errors of the charmonium correlators by a factor of ~ 3.
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