If there isnt a free zone.exe to load a zone in game, it will say ERROR: That zone is not available to players yet. ...or something like that. And it will teleport you to the zone safe coords inside the zone. So yes if there will be many people in more than 5 zones at a time then you will need more zone servers. (zone.exes).
If you set up a server using the EQEmulator Login server, other people from anywhere can log in and play on your server, as long as it is UNLOCKED on the server select.
If you set up a server using Minilogin, you are not using the eqemulator login server at all, minilogin.exe creates your own Mini Login Server directly on your home network for you to use. Only computers attached to that network can even connect to that login server, and thus, log into your server.
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