1) No, not unless there was a policy configured on the Intune side that isn't configured using MBAM.
2) No. Volumes will never be decrypted or have their algorithm changed because of a policy change.
Also, MBAM does not encrypt volumes. MBAM, Intune, ConfigMgr, Group Policy, and every other tool simply configure policies for BitLocker. It is up to the OS to implement and enforce those policies. The OS really doesn't care where a policy or setting came from and doesn't change its behavior based on this either.
3) No. Recovery keys are never automatically deleted from AAD or AD. There isn't even a manual method to do this to my knowledge.
Plus one to @Rahul Jindal [MVP] 's comments here as well as this doesn't match our roadmap and seems like a short-sighted choice.