No, there is no need for port, the quests folder is not listed in what you typed, the database is the name of the database, for example, 'peq', the most common database in EverQuest Emulator, your EverQuest/Quests folder is the location, and that's it, so like C:\eqemu\quests or C:\EverQuest.
Example:
Code:
host=localhost
user=root
password=root
database=peq
everquest_folder=C:\EverQuest
quest_folder=c:\EQEmu\quests