A1: NO! you never need to prevent valve float.. it's working for you, not against you as long as you do not have a billet conrod and flywheel!
Also: throughput has NOTHING to do with valve float, valve float is strictly an rpms caused effect,
and the rpms should be kept well below 6k (5k is what we generally consider safe w/o billet internals)
A2: yes removing the governor is already feasible,
again it raises the the rpms up to valve float (usually 5-5.5k rpms)
Actually no real need to limit the throttle.
but monitoring the rpms and limiting the throttle might add a bit of safety in that regard
(no load rpms are usually much higher than loaded rpms, and free revving you could potentially exceed the limit by accident (say a jumped off chain)
A3: yes but not by much tbh.. the engine would be a tad snappier, and might give you a slight hint of additional torque.. nothing too noteworthy however.
the amount of air allowed in and out the engine by the airfilter and exhaust are usually metered so that the engine revs rather freely in it's goverend max rpm (3600-ish rpms)
The true potential of higher throughput only really shows at higher rpms (hence after the governor removal)
So for now: if you have the airfilter and exhaust and maybe a bigger carb jet...
install both and remove the governor, do not touch the valve springs.
you gain a bit more rpms and more fun and as long as you stay below 5500 rpms say,
you have essentially the a safe stage 1 conversion.
Once you get conrod and flywheel installed you can also install the valve springs, maybe a thinner head gasket a yet bigger jet and (thanks to advanced timing of the billet flywheel) you enter the realms of stage 2.
'sid