At a friend of mine, building regulations imposed new TRVs (they didn't have them at all), and now some rads whistle even with a manual TRV head. So it's not easy to blame the HR92 for that; since it's the TRV body that whistles, the problem mostly likely arises because the HR92 is driving your valve almost completely close, while probably that didn't happen with your manual TRV.
Yes, they differ in the display orientation only.
If you happen to appreciate that particular radiator to be always open, that's fine; otherwise, I think it's better to choose the farthest as a bypass, and maybe choke it a bit with the lockshield, not to make a short-circuit for hot water (that would reduce flow in all the other radiators and cause an useless work for the circulation pump).
Might, but it's not that black or white. If the whistle appears with the HR92 open at a particular % only, you could try tightening it onto the valve body (closing the vale a bit more) or loosening it, to release the pin a bit. Sometimes it's a matter of less than one millimeter...