Having classes that are able to CC the enemy are usually nice to have when you're unable to overgear instances. This isn't true for every instance, but it was definitely true for Cataclysm heroics. MoP heroics seem to be more forgiving, but can still pose a slight challenge. If you're comfortable with using Hunter traps to CC when need be, then they should be fine.
If you're going to level all 5 at once, then yes.
Assuming you're not using a 5 year old video card, playing at some super-high resolution like 1600p, or wanting to play at Ultra settings, then I don't see why not.
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