First road block has a simple answer yes it will work. As for guides, this link should help you out.
http://www.eqemulator.org/forums/showthread.php?t=29043
Your second road block is fairly simple, change the Eqgame.exe to eqgame.exe and it should work.
For other commonly encountered issues refer to this:
http://www.eqemulator.net/wiki/wikka.php?wakka=EQEmuFAQ