Traveller:

Has anyone run Mongoose 1e before and have tips for someone about to run it?

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Play Dawson's Christian and Vargr Moon alternately on repeat

It depends on what kind of campaign you're running.

Are the party murderhobos in space? Miners? Mercenaries? Part of the Navy? Traders?

My players tend to be more on the murderhobo side, and we haven't done character creation yet,

do you have PDFs?
mega.nz/#F!yg8gXRDJ!NMUmuB-cH9fINnkRv0242A

Out of those pdfs, which do you think are essential?

Well you only need the core, but I think the supplements are a good read, and the career books are perfect if someone wants to get really detailed (although they will be much more powerful than a character made from the core rules).

Is there any way to speed up character creation?

dude character creation is the best part
I guess you could use premades from the 1001 characters book

Should I use a 5-term limit or a limit on terms in general?