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I use Net10, but it's the same service (TracFone) under the covers. You'll find plenty of information on Howard Forums, I recommend them. To answer your immediate questions:
- Service is great, I've had no problems. They have an unwritten throttle-style cap somewhere in the 1-2 GB range.
- You have your choice of AT&T or T-Mobile SIM when ordering, choose accordingly.
- LTE is not supported, but you get full HSPA+ speed for a given network (some other MVNOs limit HSPA+ to X portion of Y megabytes).
If you can't open it, you don't own it.