As brake fliud is hygroscopic (absorbs water from the atmosphere) it needs to be replaced every 2 years regardless of any other recomendations.
Water trapped in brake-fluid will boil and expand to 15 times its original volume causing vapor-lock inside your brake hydraulics, NOT GOOD any brake fliud will do as long as it han`t been left laying around the garage for years and still has its seal intact.
don’t use 5.1 its not really suitable for use in a road car, dot 4 is fine just use a good quality one, millers oils do a good race dot 4 and ate do super blue which is also supposed to be good
Tha main thing is not to use DOT5 (silicone). Not many places sell it, and with good reason, it’s incompatible with DOT3, DOT4 or (confusingly) DOT5.1.
If the pads have plenty of meat on them, heat conduction to the fluid is quite low so fresh DOT4 should be fine, and is what the car was designed to use. Very worn pads overheat the fluid more because there is only a thin layer of friction material insulating the piston from the metal backplate, which conducts heat very well indeed.