Hello,
So the first question is does generator fallow changes in configuration that had benn done after the crawling was started ?
In case if you resume generation with changed options, they will be applied correspondingly. This doesn't happen on-the-fly though (if generator is currently running).
Does generator look for robots.txt and make any exclusions itself?
Yes, robots.txt exclusion is applied and there are options to apply additional exclusions:
"Do not parse extensions"
"Do not parse URLs"
"Exclude from sitemap extensions"