Certainly I am not the real expert here (Calling Franka
), but let see how far I can go with my limited knowledge......
1. Should be "Yes". The most popular bodies are AE-1 Program, New F-1 and T-90
2. You may contact Mount Yip which I suppose around $1600
3. The level of reliability for the vintage Canon FD bodies should not be bad.........but the smoothness on the operation would depends very much on the craftmanship for the aperture ring to be implemented on the Canon FD bodies (Contarex lenses mostly do not have a aperture ring with it except with several lenses like 21/4.5, 115/3.5, early version 250/4....etc)
4. You certainly do not need to stop down as there will be no aperture coupling at all! The steps should be focusing, then stop down the aperture with the newly modified aperture ring on the body, and with AE mode you are ready to shoot! As long as the metering is TTL I suppose the shutter speed by AE should be accurate..........but it would always be a good idea to have your own "calibration" with a handheld meter.
Hope this help......