1) 532 is not a new chemistry. It's not even the lowest cobalt chemistry; there's 511 and 811 beyond that (811, or 80% nickel, 10% manganese, and 10% cobalt, is not yet technically feasible).
2) Range is decreased. 532 has lower energy density.
3) Maybe..? But nothing truly significant. The additives in this chemistry mean a lot of heat gets generated during charge/discharge. Heat is the limiting factor during charge, so swapping directly to this would mean lower top charging speed. However with better cooling... maybe? It can sustain high charge current for longer, but not as high overall.
4) The buffer for EVs is ~10%. It's not a big factor in cost or weight.
5) Yes, 5x longer lifespan. The caveat is that they havent actually tested >3 years, but IMO this is probably a 50 year battery. The paper is more conservative and gives it 20 years.
This will be pretty enormous for grid storage, since a battery that lasts 5x as long costs 5x less. It may be important for trucks and buses, since they are much higher mileage and will want to run at 100% depth of discharge. Cars on the other hand run closer to 20%, where normal batteries will also last for many thousands of cycles.