Why aren't my base styles updating in the preview?
If you're removing styling from a base style, those styles still apply until you have saved the base style.
Acquia Cohesion renames to Site Studio from version 6.2. Tell me more.
Base styles are CSS styles for HTML elements.
Yes, you can use Drupal fields in certain parts of Acquia Cohesion.
It depends on the use case. For fields and their field formatters use a 'Field' element, for data without field formatters, use a token.
Yes, this is possible by creating a custom element.