Hi RoadUser, welcome

- The point of regen is it recovers the kinetic (motion) energy that's been put into the car, and converts it back into electricity, storing it back in the battery. Electric motors are also generators (you can use the alternator from your old ICE car as a motor, just by putting a 12v battery across it). Hybrid cars use this mechanism to improve fuel efficiency by recovering motion energy, rather than simply heating up the brakes (that's about the ONLY advantage of a petrol hybrid!). So the more energy you can recover, the more efficient your journey becomes. You can vary the amount of regen by raising your foot more gradually off the accellerator (just like pushing the brake pedal more or less firmly to vary the amount of braking). The motor is run "in reverse", generating electricity from the car's motion, reducing that motion while generating electricity. The more you can recover like this, the less you need to use the friction brakes, so the less motion energy you lose in heat in the brakes. Whenever you use the brakes, you're throwing away energy you paid for (either electricity in the case of EV, or fuel in the case of ICE). Cars with "true" one pedal driving tend to see their brakes lasting a very long time (Teslas often don't replace brake pads for over 100,000 miles if driven right). This is why you want the strongest possible regen, so you have the most potential braking power under your accellerator foot. You don't use that power all the time (in the same way you don't do an emergency stop every time you use the brakes) - you develop a light foot, to control the power you have.
As for your braking noise, I'm not sure I understand what you mean. But one of the issues with EVs is that because the brakes are used so rarely, they can tend to rust up, so they can be a bit more noisy than equivalent ICE cars. EV brakes are the same as ICE in construction etc., so there's no difference mechanically.