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SN74LVC2G06: Connection question

Part Number: SN74LVC2G06

Hello,

I use the SN74LVC2G06 with 3.3V supply.

The open drain output is pulled up with 4.7k to 5V.

1) Is this connection valid?

2) In this particular connection, will the input voltages correspond to 3.3V? Meanning Vih=2V, Vil=0.8V?

3) Can 20Mhz data rate  be used?

4) No latch up danger using this kind of connection?