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watageek You cannot use it to feed the motor, the purpose of a step down is to lower the input voltage to, example, 5volt to a flight controller or to feed 12 volt LED from a 4S-5S lipo. You could ( not saying you should) isolate the flight controller and use 3S on the lizard95. ESC/motor may burn.

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watageek Grey is signal and orange is 3.3v input

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watageek Most of the time, yes on any free UART. Keep in mind there is sometime inverter transistor. Select corresponding UART in configurator for serial_RX.

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watageek Lite and normal support dshot300 max Bb1 chip 6g average. Lite_S (9g) and V2 (6g) are BB2 chip support dshot600 max.

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watageek ... but 693 should be 8mm od x 4mm thick x 3mm id. Not 8x3x3. This is not 693?

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