I'm new to these forums, but I just beat Avernum 1 for the third time yesterday, so several of these answers are fresh in my mind. Here are the ones I know:
Elizabeth is actually in Cotra, rather than Silvar, despite Matthias's hint. She runs the inn there.
If you interact with the altar rather than destroying it, it will set your characters' spell points to 99, or totally refill them if their spell point max is less than 99.
I believe that if one of your party members has a sufficiently high Priest Spells skill, you can get past the altar.
Just a funny reference to the delta-epsilon definition of limits. I always took it to mean that, in the world of Avernum, Motrax invented calculus 😄