Yep.
Yep.
It will reduce recoil by roughly 40-60% depending on the brake. Will be very LOUD. Might help accuracy if you are recoil sensitive. They can be had for $40 on up. I'd suggest getting one that does not have ports or holes on the underside (six o'clock position). If you shoot prone, they will throw up a lot of dirt/dust if the bottom is ported.
A longer "tactical" handle will make the bolt lift seem lighter due to increased leverage. They are typically around $60 and up. Try e-bay or http://www.apachegunworks.com/ for starters. You might also send it to Sharp Shooter Supply for a "Time and True" Job. That will also reduce the bolt lift because it will be optimized, made more mechanically efficient, etc.
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