We have a very short time here to edit posts, about 5 minutes. That's pretty standard, let's you have time to edit but not so much you can have bad behavior and delete it out before moderation arrives.
There are public and private things you can set up, but I have no restrictions so if it is on my page, it is open. Haven't ever felt the need to make private things. Non-board members cannot access certain parts of these forums, including the private profiles. Many of us have albums, but in general we don't talk about them much and I don't think most people do much with theirs. I just really started using mine maybe a year ago.
Thanks on the feedback on your method working -- bit by bit we will get it all figured out!