Hi
1 - No as Grub does not yet support ext4 filesystems ( being worked on).
2 - Should be ok, but dont take my word for it, back it up.... Golden rule !!
3 - Just mount it as ext4, new data will be created as ext4 leaving the old as ext3, recommend you double check this.
4 - have a look here :
http://www.iozone.org/