Two of the important unresolved issues concerning fractional superstri
ngs have been the appearance of new massive sectors whose space-time s
tatistics properties are unclear, and the appearance of new types of '
'internal projections'' which alter or deform the worldsheet conformal
field theory in a highly non-trivial manner. In this paper we provide
a systematic analysis of these two connected issues, and explicitly m
ap out the effective post-projection worldsheet theories for each of t
he fractional-superstring sectors. In this way we determine their cent
ral charges, highest weights, fusion rules, and characters, and find t
hat these theories are isomorphic to those of free worldsheet bosons a
nd femions. We also analyze the recently-discovered parafermionic ''tw
ist current'' which has been shown to play an important role in reorga
nizing the fractional-superstring Fock space, and find that this curre
nt can be expressed directly in terms of the primary fields of the pos
t-projection theory. This thereby enables us to deduce some of the spa
ce-time statistics properties of the surviving states.