As for the level/GP: we're PCs from the previous adventure in Paths of Legend, and just barely reached 3rd-level and some reward for our efforts by the end of that adventure. Whatever advantage we may have isn't very significant, mostly just a few HP and a really cheap magic item or a few potions/scrolls.
Well. And save bonuses. And in some cases BAB. And for spellcasters, access to 2nd level spells instead of just 1st level...which is a pretty big advantage when you think about it.
But whatevs. It's pretty unlikely any of the newbs will be besting the older PC's this way, but I suppose that's more of a feature than a bug, at least for those coming in from previous game.