I'll cover 1 down below.
2. This is just conjecture because I don't think it was ever touched on heavily by the story, but the gist of what we've been given is that every living thing has a natural expiration date (even the Ancients), and living beyond that will start to cause memory and personality degradation. This is why the unsundered Ascians needed their memory crystals; unlike their sundered pawns who use them to remember their Ancient selves, the unsundered Ascians use them to keep their memories and personality straight because their unnaturally long lives will otherwise take a toll on them that reduces their cognitive abilities. By the end only Emet-Selch is still using his, with Lahabrea having seemingly given himself over to his Hephaistos "self" and Elidibus having abandoned it to focus on his duties; and Emet is by far the most effective for it.
So to directly answer the question: theoretically but there's still a limit to how much memory individuals can hold, so a longer life won't add to the Lifestream.
2a. To my knowledge the plan had nothing to do with memories, everything to do with nurturing the planet to use some amount of its living things as blood sacrifice to restore the Ancients who sacrificed themselves. The Final Days didn't destroy the Ancients' souls as it did with the victims in our own time, and the planet was in an inhospitable (if not uninhabitable) state but it still had all of its aether. Presumably. They just had to nurture the planet to produce enough souls to sacrifice to Zodiark for what they really wanted.
Did Zodiark respect thermodynamics, and thus require more aether to produce whatever you wanted since entropy is a thing? Well that I couldn't tell you because it's magic, and magic works however the writer(s) want it to work.
To get more specific on this...
Light and Dark(ness) roughly correspond to Umbral and Astral polarity, respectively, but they also act as mutually destructive elements in and of themselves. This is because Light is essentially non-elemental aether, while Dark is all-elemental aether. The six elements also trend toward Astral or Umbral polarity on their own (with Fire, Lightning, and Wind leaning Astral / Dark; and Earth, Ice, and Water leaning Umbral / Light) but can be shifted to the opposite polarity (Astral Lightning being a thunderbolt vs. Umbral Lightning being static electricity, f'ex).
Notably Eden Shiva (Ryne) uses primarily Ice but due to her host conflating that element with its typically strong Umbral / Light polarity is also able to transform into a bootleg Hydaelyn; and the two eldest primals use the three elements leaning toward their polarity during the Trial fights against them.