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1. If you have an empty box it would mean you have just relogged, which means you reduced some lag so yes it helps (for me anyway). Relogging right before KQ reduces the lag when you press participation, although some people says that doesn't work for them.
2. Hearts are your lives. If you use up all the hearts and you die again, you will be spawned back to town.
3. In the first kingdom quest (Slime one), yes. This is not necessary in other kingdom quests.
4. Yes, you can be revived, but you won't be revived in the first Slime KQ because revive is a level 20 skill which no one would have since max. level for that is 17. Later on in other KQs when you get revived, you don't use up a heart, so it's good to get revived.
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