Well, I can't answer all of your questions, but I can answer a few.
1) What are the noticeable problems will surface if glass pack is install into the exhaust?
Are you just planning on putting a glass pack baffle into an existing pipe? If so, make sure that pipe was designed to have a baffle of some kind first, otherwise it will screw things up.
2) Will I need to re-balance my carbs?
Possibly. You are changing the back pressure on the exhaust, so that could effect the set up.
4) Do you pack the glass pack, piece by piece in a stacking manner or do I roll it like a swissroll and push the thing into the exhaust?
I have heard that both methods work. I've had one tech tell my to pack the glass as tight as I can get it, and another tell my to keep it loose. The exhaust on my Ducati came rolled tight from factory. Next time that I repack it (which should have been last spring), I'm going to try something a little different.
5) How long will the glass pack last? Any maintenance for the glass pack?
How long it lasts really depends on the bike, how the bike is run, and many other factors. No way, really, that I know of, to maintain it other than re-packing.
Well, those are the ones I have answers to. Anyone else?