1. I'd advise a pre-made group but I think you'll be fine either way.. you might wanna clarify when you start the op that it's your 1st time because even on story mode there are some areas which can cause a wipe if done incorrectly (thinking about alarm droids in KPs after Fabricator when someone rushes into room) so it's ideal if the other players know they need to set themselves to your pace. You could probably get a group via general chat as they are sometimes formed for the 10 BH comms daily by veteran players. Eternity Vault is really, really easy on story mode though, and if you have the general know-how from reading online guides then you'll be fine using GF but u risk getting grouped with people who aren't as prepared as you.
2. Length wise.. hm an experienced group with 0 wipes is gonna do this 40 mins maybe? Correct me if I'm wrong, fellahs. Might wanna do this when u have 1, maybe 2, hours to spare. My guild usually sets aside 4 hours for raids when we anticipate wiping a bit.
3. Not really, especially not for Groupfinder but it's not unwise to get Teamspeak so you can at least listen if your group prefers voice-chatting. Typing out instructions / trying to call out some event in the boss fight via chat is rather ineffective in comparison.