I guess that sounds about right. Its been a while since I played a speed one world so I have to adjust. But my comment was more specifically geared to pondering how many players there will be. If a number would decrease or increase.
the settings define how the game is played in this world speed 1 means it takes longer to build, recruit, and attack. but it also means you can be on less.
morale means you lose more troops if you attack someone with less points than you.