Cheryl, If it is belt driven you can possibly change the speed by changing the pulley om the motor. A large slow fan is excellent for air circulation. There are generally 2 speeds to motors 1725rpm or 3450. If yours is 1725 all the better, if you have a 3" or larger pulley on the motor you may be able to get a smaller one at Ace or such. If there isn't enough adjustment on the motor mount you may have to get a larger belt.
building a frame for it is a good idea, and would make it easier if you wanted to move it.
Polycarbonate Can easily be cut with a square and an Exacto knife. A strip of foil tape would effect an over winter repair to put the panel back. If you worry about critters getting in, (I don't have a problem) , you can make wooden frames with hardware cloth or screen to fit your frame.