that formula is just a place to start, really.... i would NOT go by it to determine my max HR... that is something that has to be tested individually..... it can vary so so widely...... if you dont feel overly "winded at 170+ than i imagine your max is prob higher than that... dont worry about it

it doesnt really matter unless you are doing somesort of advances LActic Acid Threshold training, or VO2Max training, or intervals where you fully recover between (or DONT fully recover), etc etc....
BTW, Tigger is spot on
HOWEVER if you arent eating enough to support your activity, you just MAY find you have better results keeping it low intensity... food for thought