Hi,
ad 1. Yes, PHY1 and PHy2 send Ethernet frames as a confirmation before going to sleep mode (refer to AN13236 chapter 5.8.1).
Yes again, but only if register_18/SLEEP_CONFIRM=0 - no confirmation needed from another PHY before going to sleep.
ad 2. Yes, wake-up and sleep is unrelated to whether the PHY operates in master mode or slave mode.
No, the sleep and wake-up functions are simply negotiated between the PHYs through the Ethernet. Also, the host processor can force PHY (by SMI bus) to sleep mode anytime.
Best regards,
Pavel