I don't know what quantities you are taking. I've consistently taken 150 mg Spirotone and 3.75 mg Premarin daily for one year and nine months.
It affected me in much the way that you describe - a tiny amount of clear fluid and ever weaker erections until, eventually no fluid and no erections ...
To answer your points I can only refer to my own experience.
Spirotone and Premarin (conjugated oestrogens) have 'changed' my libido. I never experience a virile arousal but, ocassionally, I feel really sexually sensual and orgasm does (sometimes) occur.
Sorry honey - hormones don't get rid of 'face fur'. I hate (HATE) it too, but it takes laser or electrolysis treatment. That's why, in a recent documentary, they reckoned that, although mtf's are given hormones more readilly, ftm's are still given a rougher time 'cos facial hair is ...
I can't think of the web-site (this is the most likely or, maybe, transgendercare.com?) but I do remember reading that chemical castration (no, no - I just remembered, I'm pretty sure it was Dr Specktor's site) for stra8 men with cancer of the prostate causes a variety of side-effects ...