I don't think there is any penalty for playing on a private server.
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Private servers are Illegal, i would not advice playing and/or making one.
Yes, and it is a really great private server,No hacks allowed. Omega wow is the best private server around. if you have questions you can always post on the board. The best thing its free and a lot of friendly people are playing there. It is a really cozy server. half of the world aRE HOOKED ON IT WOW
Pasta doesn't need a private server.
how do i make an private server flyff
It depends on the server that you are playing. In most cases you will keep the items for each time that you log-in. These items earned on the server can not be "moved over" to real runescape in any way, they are 100% part of the server. Please note that runescape private servers are a common way for people to get viruses, google a RSPS toplist and choose something that many people are playing.