The alcohol must be 70% with the remainder water.
Depends on how fast you want to kill germs. Yes, 70% is optimal for quickly killing germs, such as when wiping surfaces, cleaning around wounds, etc.
That said, alcohol is sitting in an airlock for an extended time. There is a relationship between exposure time to the alcohol and its effectiveness. The CDC notes that many strains can be killed with concentrations much lower than 70%.
Concentrations <70% will work, it just takes more time. I would doubt very much that many germs would survive in vodka during the time that we have our airlocks filled with it. Some viruses will survive, but those are not what we are targeting. We want to keep out bacteria, molds, etc.