1. Yes, Constant Bit Rate is the same as One Pass. The video is encoded at a constant bit rate during the one pass. One Pass VBR is NOT a constant bit rate. VBR stands for Variable Bit Rate.
2. The general rule of thumb is that if your project is an hour or less, encode at a constant bit rate of about 6.5 or 6.7. Some older DVD players start to act funky when the bit rate is 7 or more, so it pays to err on the side of caution. You don’t really notice much of a difference, if any, between something encoded at 6.7 and something encoded higher.
If your project is more than an hour, encode with Two Pass VBR. One the first pass, Compressor analyzes your movie and determines when it can best use a low bit rate (for example when you fade to black, it doesn’t require as much information to be encoded as when you have a scene with a lot of colors and motion.) and when it needs to use a high bit rate. On the second pass, it encodes based on the information it gathered on the first pass, making best use of it. Make sure to set your maximum bit rate at about 6.7 when you encode using VBR, or the aformentioned playback problem may occur if the bit rate goes over 7.