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I don't see an answer to your first question... the answer is YES!!! Those factors are the difference between Coors Field 90s model and the 70s-era Astrodome (you can and should load some historical seasons and look at different park factors.
Seating capacity is also critical. I haven't tried in a long time, but IIRC if you start in the 1800s the ballparks will all have tiny capacities and will limit attendance accordingly. Or, for example, if you decide to relocate a big league team and want to pretend they are expanding a minor league park you have to bump up the attendance. If you put the A's in Raley Field in Sacramento they'll never draw more than 11,000 or whatever unless you change capacity.
The fence dimensions are purely cosmetic though. I don't use 3D so I don't mess with ball positions.
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