Welcome!
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No, we do not do any curation. You can curate the feed yourself by subscribing to communities you're interested in, and changing the front page from "All" to "Subscribed" (you can make Subscribed your default view in your settings: https://lemmy.one/settings)
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Yes
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https://join-lemmy.org/instances is the only list I'm aware of.
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The requirements are not high, although I'm not sure whether ARM is officially supported, so YMMV with an Orange Pi 5.
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No
I do think that the Docker images are available for ARM, it’s just the automatic Ansible scripts which might not support it IIRC, so if you’re comfortable with messing with it a bit I think you can do it. Otherwise yeah a small VPS should also work fine.