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1.2 purely for insurance reasons, expect to pay about 1.5k for your first year of insurance fully comp.
Anything bigger engine wise will be stupid money to insure.
Enough for what, if your hoping to beat Type R's then no.
If it's enough to give you a lot of fun and enjoyment for a few years then yes, plus the Dynamique has all the toys.
Management is a hit or miss, some decats have the 2 holes so both sensor can be plugged back in.
If you ask nicely, (beer money) I'm sure they would replace the cat for you.
If your looking down at the engine, then its on the right side near the bottom.
It's just a little connector, unsure how to explain it properly. You'll most likely know it when you see it.