One thing to note straight up is that an MX is definitely not a 1 to 1 replacement for a firewpower. They have significant differences in features. That's said, it sounds like you've been looking into the differences and limitations of the MX which is good 👍 As for your questions, yes, a transit vlan between the core and the MX is certainly doable and makes sense. Just create the VLAN interface on the MX and the core and trunk the VLAN between. As for the cabling, yes, you'll need to rely on STP to keep the links down. Just ensure your STP root is configured on the correct switch and you should be right.
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