1. No standard airbox is fine.
2. Hole in the wheel arch???
3. It's a straight bolt on and only very minor modifications are needed to fit it.
4. All depends on the size of your current battery as they come from Jap land with heaps of different styles and sizes.
5. Your radiator will still get ample air flow.
6. Flow much better than the standard cooler.
7. If the only mod you have/will have is a cooler and say exhaust, about 12 psi would be ample. If you would like to run more boost, it is recommended that you upgrade your fuel system and either remap your standard ECU or get some form of aftermarket ECU.