We study coherence and entanglement properties of the state space of a composite bi-fermion (two electrons pierced by $lambda$ magnetic flux lines) at one Landau site of a bilayer quantum Hall system. In particular, interlayer imbalance and entanglement (and its fluctuations) are analyzed for a set of $U(4)$ coherent (emph{quasiclassical}) states generalizing the standard pseudospin $U(2)$ coherent states for the spin-frozen case. The interplay between spin and pseudospin degrees of freedom opens new possibilities with regard to the spin-frozen case. Actually, spin degrees of freedom make interlayer entanglement more effective and robust under perturbations than in the spin-frozen situation, mainly for a large number of flux quanta $lambda$. Interlayer entanglement of an equilibrium thermal state and its dependence with temperature and bias voltage is also studied for a pseudo-Zeeman interaction.