I agree with ruds - sort of. I play with my partners that double by preempter is "I want to sacrifice"; explicitly so that preempter's partner can say "I don't". Preempter doesn't get to pull (playing any standard system). If their contract makes, it's partner's misguess. So that's question 2 solved.
Having said that, the answer to "is the double reasonable", like every answer to questions about preempts, depends critically on what a weak 2 looks like vulnerable in first seat for this pair, not on whether anything is "right".
With one regular partner, this is not a good opener, but it's not a minimum either. In that pair, we don't double many games; and we miss a fair number of our own. But they're figuring out the hand at the 3 level a lot more often than the field. I wouldn't dream of doubling this auction; partner has a zero-entry hand and KD or stiff heart in dummy means they make it.
With my other regular partner, this is not only too weak to open, it's not even close. Our partnership philosophy is that we can defend better than the field, so don't lose the hand in the bidding. We bid (and double) very constructively after our weak 2s. But we pass several hands that others are preempting with, and the opponents get to better contracts, too. Here, I expect I'd double, and I know my partner would. And it's basically going to need a spade void, or Axx opposite stiff, and both kings in dummy to make.
Obviously, what you can expect from partner determines if this is a reasonable double. I expect to get both my aces and one of my queens (likely the HQ); and 200 is the magic matchpoint score. On the other hand, +100 beats -100 just as well as +200 does, and is 3S making? I think it depends on the red kings (as well as how good opener's suit is). If 3S makes, then 4C goes down; if 3S goes down, 4C likely makes.
Note: that they're willing to play 4Cx is scary. It sure looks like hearts are a source of tricks and a pitch for diamonds; and you need partner to lead diamonds even if the king is right. Will partner ever get in?
Another interesting question for the double - are you willing to double 4H if LHO goes back there? On this hand, yes - you're happier doubling 4H than 4C; at least you're not getting your heart Q ruffed out. But with a different hand - "Don't double the only contract you can set."
But preempters don't pull partner's penalty double. They have no idea what partner has. Unless, of course, partner makes it clear their double isn't a lock, say by tanking before doubling. Then preempter looks at their hand, sees no help, and maybe pulls it...triggering a TD call and an adjusted score if pull was right.