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2. Depnd on what you need
If you annex, you get more factories and direct access to the ressources (they will be affected by your trade law).
Making a collab give you access to more manpower, but you will have to use the colonial template.
3.
Collab provide you with 90% of their factories and dockyard
They still make their own troops and you can use them
5.
No, if you annex them, the navy is gone, creating them after doesn't recreate it.
Generally yes, but it depends.
Various puppet give you a different % of their mils and civilian between 0% and 75%
Collab always provide 75% of both military and civilian.
But sometime the results is the same.
For example an integrated puppet will provide 75% of it's military, the exact same as a collab.
However, it only provide 25% of it's civilian, so a collab would give you 50% more.
Some ideology and nation have different puppet type.
You can find all the details on the wiki
https://hoi4.paradoxwikis.com/Puppet
If you are after their industry, controlling the land directly give you more than puppet if your compliance is above 80%
Collaboration are your puppet, meaning their land will not be in the peace deal.
For example:
Your are the Soviet Union and have 90% collaboration (from 2-3 spy operation) with the German when you capitulate them.
You capitulate Germany and get their land
You get the event about collaboration and say yes.
Now your new puppet has all German core.
Once Italy capitulate, the peace deal happen, but the allies cannot touch the land from your puppet and you don't have to spend any of your warscore for the German land.
This only works if you can get the event for the collaboration before the peace conference. (which require the country you want to make a collab capitulate)