regeneration by meter is the important bit, it makes them regenerate by usage not days expired. Though yes, with a single tank, there is a faint chance that the water might go hard at 2.30 pm when the regeneration is not scheduled until 2.30 a.m. the next night.
I don't really think they are as precise as that, though.
I am on my second softener and got a good big one this time as it has a bigger salt bin and can go longer between being filled up. It holds about two 20kg bags of salt. I use the salt pebbles as they are less likely to spill and easier to clear up if dropped. The salt is extremely corrosive, so I recommend vinyl flooring under and around the softener with surfaces that can easily be wiped clean. with nowhere the salt can get through or behind. They will probably want room to store the spare bags of salt nearby. Lag pipes if in a garage or unheated area.
As for hoses, they are usually supplied with hoses where the elbows are only (I think) 10mm i.d.
You can get hoses with bigger-bore fixings, and I imagine these would improve flow. Annoyingly you have to pay extra for them. Water-softener hoses are similar to washing machines hoses but made of white plastic with stainless fittings (I presume this is food-grade) but the usual 3/4" BSP thread.
Fitting a softener is very similar to fitting a washing machine. You might want to fit new valves if the old ones look a bit ropey or have narrow, constricting waterways. The valves will not be turned for years on end, so use good ones and back them off half a turn from fully open to reduce risk of seizing.
Fit it at a height where you can easily tip in a heavyish sack of salt.