Warband question

So as a newer player I am a tad bit confused on Warband in terms of your “main” - I know everyone plays the game a certain way, so this is more about my play style:

So right now Zick is my main. I’m an old guy that in just about every MMO I have ever played only focuses on 1 toon and that is my main forever. but with Warbands, if I wanted to choose another main (BM Hunter is starting to bore me), I really wouldn’t miss anything or have to start from “zero” huh (outside of gear of course) if I rolled a new toon. Everything that is “important” transfers so to speak… currency, rep etc

Am I understanding that right? isa there something I am not accounting for?

Most modern reps and currencies are transferable now

Just the crests to upgrade gear isn’t, or like m+ rating or raid boss kills for vault

Just stuff related to current gear advancement huh?

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Only like from Shadowlands forward for reps, and not all current currencies can be transfered.

The TWW and DF Reps and currencies are Warbound, the rest may be added later on.

Even so - once a character reaches a certain gear level on all their slots all other characters get a discount in the cost of crests in gear progression.

What about the reps from WoTLK and TBC and Classic. Many of those have it to where if you get rep with one faction it will auto take away from the opposing one. All those are toon by toon still?