1) Yes
2) No, there would still be just two teams in UEL, and a third in the Conference, the UEL qualification resulting from Chelsea’s Conference win would not be transferred
I mean, winning the Conference League would secure us a place in the Europa League the following season, so if anything, it offers a third option for Europa League qualification after an FA Cup triumph and a high enough league finish. English clubs tend to advance deep into the Conference League...
Right? Moreover, the kind of players we recruit will see it as legitimate European football - unlike, say, your average Big Six target - so it could well make the difference in our pursuit of certain targets.
Right, I understood your question as "are you prepared to risk a pummeling in the Europa League if it means we've won the FA Cup" to which my answer is definitely yes.
I probably still favor the FA Cup if the question is instead "would you rather qualify for Europa League by winning the...