I just visited your site, and when clicking on a link, I was blocked by Wordfence, saying I “Exceeded the maximum global requests per minute for crawlers or humans.”. I only went on the homepage, so maybe some settings are a bit too strong?
If your disk space is enough, I wouldn’t worry about the size it takes, as it will stop once all the pages are cached.
In the “Preload” tab, did you press the “Run now” button, or activated the “Schedule preloader”? This would crawl through all your pages and posts to create the cache files.
The lifespan value should depend on how often your content is updated. Some actions will renew the cache for certain pages. For example updating a post will clear its cache, as well as when a comment is approved. Reducing it too much will void the purpose of caching, so I wouldn’t set it much lower.