Exactly right. You can pick and use real numbers, as long as they are only queried to finite precision. There are lots of super cool algorithms for doing this!
Kind of, but you're not just picking rationals, you're picking rationals that are known to converge to a real number with some continuous property.
You might be interested in this paper [1] which builds on top of this approach to simulate arbitrarily precise samples from the continuous normal distribution.
Not really. You can simulate a probability of 1/x by expanding 1/x in binary and flipping a coin repeatedly, once for each digit, until the coin matches the digit (assign heads and tails to 0 and 1 consistently). If the match happened on 1, then it's a positive result, otherwise negative. This only requires arbitrary but finite precision but the probability is exactly equal to 1/x which isn't rational.
You seem to be positing that Maxwell's Demon can be reassigned to another impossible task, but that isn't a proper use of his "powers".
Infinities defy simple assumptions about maths, while Maxwell's Demon only needs to ignore the Laws of Thermodynamics.
I'm being serious, not glib, here. "And then do it infinitely many times" doesn't automatically enable any possible outcome, any more than the "multiverse of all possible outcomes" enables hot dog fingers on Jamie Curtis.