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There are no hard set requirements to setting up MA and DDB.
Commvault documentation is here to provide the Best Practice approach, and in your case depending on the available resources there are various options.
Option 1 - DDB on a single MA (with separate volumes), coming from SAN Storage with supported IOPs to ...
The following documentation should help in describing the fundamentals of Data Aging - http://documentation.commvault.com/commvault/v11/article?p=11904.htm
In relation to aged data and recovery, it will depend on the Media:
Tape - although the logical reference has been aged from Commvault, if the Tape is not re-use, you can ...
The folder that is created when adding a Mount Path is known as a Base Folder. By default when adding the Mount Path, it will automatically use the date & time of creation to name this folder.
Rather then creating the Mount Path from Storage Resource -> Libraries -> Library Name, you can you ''Expert Storage ...