I'm not sure if it works with Kindle Oasis, but I see there are version for two Kindle types. I guess it supports Oasis. Some things I know for sure how it works with Kobo and guess that works in almost same way for Kindles:
1b) There's two way to control light. One through settings and other through gesture, like with nickel, but it is more advanced than in nickel.
2) It may depend on what settings you're interested, but most important settings are there. I have installed koreader and CR, but use actively only koreader.
2b) For fonts, I use custom TTF fonts, not sure about OTF.
2c) Yes
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