It's simple: I am willing to create as many factory-farmed chickens as you like for a QALY. A million? Sure. 3^^^3? Sure. I just don't care about the chickens; they are not a factor in the calculation; I am getting a free QALY. So my answer to the first question is "infinity".
My answer to the second question is "indifferent", although depending on how you construe "suffering", it could also be "No".
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Actually, I wrote a refutation of it years ago. It's more vitriolic than I'd write if it were today (but then again, today I'd just say that my book contains the refutations for most of this in much more polished form), but it did get answered.
Here's the refutation: http://www.puredoxyk.com/index.php/index.php/about-polyphasic-sleep/an-attack-on-polyphasic-sleep/
And a follow-up discussion I thought was pretty helpful at the time: https://groups.google.com/forum/?hl=en#!topic/polyphasic/_R4-kdZbpJI
Yes, the comments by "a reader" and Michael Turner helped me situate Wozniak's (supermemo polyphasic skeptic) point of view. Thanks for the link.