Let $Y$ be a smooth projective connected curve of genus $g>0$ over $\overline{\mathbf{Q}}$. Let $h_{\textrm{Fal}}(Y)$ be the Faltings height of $Y$.
Question 1. Can one classify or describe the curves $Y$ such that $h_{\textrm{Fal}}(Y) \geq 1$?
Question 2. For any $g>0$, does there exist a curve $Y$ of genus $g$ such that $h_{\textrm{Fal}}(Y) <1$?
Essentially, I would like to know which curves one is excluding by looking at curves $Y$ such that $h_{\textrm{Fal}}(Y) \geq 1$.
A result of Bost says that the stable Faltings height of an abelian variety $A$ over $\overline{\mathbf{Q}}$ of dimension $g$ is bounded from below by $-\frac{1}{2}\log(2\pi)g$.
By the Northcott property of the Faltings height, the set of curves of genus $g$ with $h_{\textrm{Fal}}(Y) <1$ is finite. This means that I'm looking at the finite set of curves of genus $g$ with Faltings height not in the interval $$[-\frac{1}{2}\log(2\pi)g,1)\subset[-2/5g, 1).$$
Added: To answer Junkie's question, I'm aware of only one definition of the Faltings height of a curve over $\overline{\mathbf{Q}}$. There are several equivalent definitions, though.
Let $X$ be a smooth projective curve of genus $g>0$ over $\overline{\mathbf{Q}}$. Let $K$ be a number field such that $X$ has a semi-stable regular model $p:\mathcal{X}\to \mathrm{Spec} O_K$ over the ring of integers $O_K$ of $K$. Then, the Faltings height $h_{\mathrm{Fal}}(X)$ of $X$ is the arithmetic degree $$h_{\mathrm{Fal}}(X):=\frac{\widehat{\mathrm{deg}} Rp_\ast \mathcal{O}_{\mathcal{X}}}{[K:\mathbf{Q}]},$$ where we endow the determinant of cohomology with the Arakelov-Faltings metric. This is well-defined, i.e., independent of the field $K$. By Serre duality, it coincides with $$h_{\mathrm{Fal}}(X)=\frac{\widehat{\mathrm{deg}} p_\ast \mathcal{\omega}_{\mathcal{X}/O_K}}{[K:\mathbf{Q}]}.$$ It also coincides with the Faltings height of the Jacobian. All of this is explained in Section 4.4 of
https://arxiv.org/abs/math/0605244
For a curve over a number field, there is also the important relative Faltings height. This invariant depends on the number field $K$, though.