If your in warranty, contact local support and the drive replaced
1. Yes, once its in the unit, you want to go into the web GUI> Disk Management> RAID Settings (or Configuration)> Click RAID Array 1> Check on Disk1 and select Restructure (not Rebuild) RAID Array.
2. Only if it is not booting normally
3. Usually it will, sometimes it wont automatically depending on where its getting stuck. Since Drive1 failed, it probably doesn't boot far enough to know to boot into EM mode.
4.Only if "1" doesnt work
5. Referring to "1", the Restructure will take about 5 minutes, but then it will go through a RAID Scan which will take 8-16 hours to complete, in which will not be able to access the unit. But once it is done you will be good to go!