Well, I’m not the guru on this by any means but anyway…
a. You get staining in crevasses like under the vice as mentioned above. The stuff will start to smell bad in bulk.
b. Probably not, the cooling is mostly due to the water content, and you still probably have enough oil in the solution by the time you realise and change the mixture.
c. Not that I have heard of, although I wouldn’t go drinking the stuff.
d. Mostly the staining, which in my limited experience usually comes off OK.
e. Use a weak solution, not a strong one, there is no merit in using more soluble oil than is needed. (More food means more bugs.) Aerate it as suggested above, these are anaerobic bugs. Take the vice/rotary table etc off the machine when you have finished, clean and oil the machine. Hmmm, I am making myself feel guilty.
3% would of course be 33:1, very similar to the 30:1 that my local bottle of stuff recommends. I have a different one to the usual at the moment, it does not mix to a white milky emulsion, just looks like slightly cloudy water. Seems to function OK, and it is used total loss so I am unlikely to find out if it grows bugs well.
regards
John