1)id say 4ga in 4 ga out is the smallest I would go, unless the 8ga wire runs are very short
the 4 channel is fine but the sub am is pretty powerful
2)100A or 150A at the battery should be fine--thats as large as I would go on 4ga wire
fuse the sub at 80 at the distro and the 4ch 60A at the distro
just my opinion
3) and no you dont NEED a digital voltmeter--although its cool
my distro has it on it (which Im selling by the way

--going to run one up front )
it helps to know when you need to turn your car on when tersting your system or showing your friends before your battery drops too low