That's exactly what Servo was/is, an embeddable browser engine. It was never aiming to build a usable reference servo browser with the engine. The packaged nightly binaries were just to demo the current state of the embeddable engine which is why they were so barebones.
Some parts of Servo are in Firefox, but not the whole thing.
Swapping your VW Beetle's wheels for a Ferrari's doesn't make it a Ferrari! Even if it improves handling (or whatever I'm not a car person, it's just an accessible analogy)
No it isn't. Some parts of Servo were adopted into Firefox, but "Servo" is not in Firefox.
If you compile servo and point it at the homepage of google, I doubt it renders right now. It was constantly broken even when it had a full-time staff.