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Here's what we want to do:

We own a domain and currently have a webhost that also hosts our email.

We have an exchange box that we want to use for email, and we need an smtp smarthost (so we can send to yahoo, aol, etc.)

We want to continue to use our current webhost for webhosting. We are also questioning whether to use our webhost for incoming mail (and use a 3rd party pop3 checker to interface with exchange) or just use the exchange box directly via MX records.

Are both options feisable?
With the smtp smarthost, do we need to worry about 10MB vs. something higher? We will only use this for outgoing email.

Thanks,
Shawn