The info I have indicates that '57 - '60 F100-950 and '61 - '62 F700-850 were equipped with the hydraulic clutch. I don't think those will all necessarily have y blocks, but the '57 - '60 parts will work on all trucks of that year model and the '61='62 parts will work on '61-'64 and I think through '66 still has the firewall stamped for the master cylinder.
The same slave cylinder was used for all of those and even other manufacturers in the same era. The master cylinder, and possible pedal ratio is different.
To answer your questions:'
1) I say yes, because there is less variability when the movement of the body and engine are eliminated and possibly even the friction from all of the pivot points is now gone.
2) I don't understand this one. I think the engagement feels more positive and assuring, if that makes any sense.
3) The pedal travel will be about the same because the ratio of pedal movement to clutch fork movement needs to remain the same for the same effort. A larger master cylinder will displace more fluid which will require less travel, but more effort. A smaller master cylinder will displace less fluid which requires more travel and less effort, BUT it may not move enough fluid to disengage the clutch.
Lawrenceville, GA