Hello.
1. Yes, as the narrator in the video states you will get a simple volume automation lane. However, this video is dated and the work flow in Studio One has changed since 3.3.0. The mutes and solos are no longer in the automation lane. Edit mute and solo in the console window.
2. These automation lanes are not tracks, they dont have plug-in slots. The effects have to be added in the console window on the channel, not in the arrangers automation lane.