1GBits seedbox /=/ 1GBits seedbox. A 1GBits seedbox shared between 4 is obviousy 100times better than one between 12 users(or 8 or 6)
No, but you can start seeding earlier when everybody is downloading.
Better connection = 'more offering'
I can't really answer the last question as it totaly depends on your needs, your connection and most importantly your HDD space. Someone with 300GB has to wipe his HDD everyday, but someone with 1.5TB can also keep some older torrents for bonuspoints.
Keep torrents only if they give you a lot of bonuspoints or if they are hot (obviously don't HitnRun)