(1) Regarding the relationship between geometric Langlands and function field Langlands: typically research in geometric Langlands takes place in the context of rather restricted ramification (everywhere unramified, or perhaps Iwahori level structure at a finite number of poinst). There are investigations in some circumstances involving wild ramification (which is roughly the same thing as higher than Iwahori level), but I believe that there is not a definitive program in this direction at this stage.

Also, Lafforgue's result was about constructing Galois reps. attached to automorphic forms. Given this, the other direction (from Galois reps. to automorphic forms), follows immediatly, via converse theorems, the theory of local constants, and Grothendieck's theory of $L$-functions in the function field setting.

On the other hand, much work in the geometric Langlands setting is about going from local systems (the geometric incarnation of an everywhere unramified Galois rep.) to automorphic sheaves (the geometric incarnation of an automorphic Hecke eigenform) --- e.g. the work of Gaitsgory, Mirkovic, and Vilonen in the $GL_n$ setting does this. I don't know how much is known in the geometric setting about going backwards, from automorphic sheaves to local systems.

(2) Regarding the status of function field Langlands in general: it is important, and open, other than in the $GL_n$ case of Lafforgue, and various other special cases. (As in the number field setting, there are many special cases known, but these are far from the general problem of functoriality. Langlands writes in the notes on his collected works that "I do not believe that much has yet been done beyond the group $GL(n)$''.) Langlands has initiated a program called ``Beyond endoscopy'' to approach the general question of functoriality. In the number field case, it seems to rely on unknown (and seemingly out of reach) problems of analytic number theory, but in the function field case there is some chance to approach these questions geometrically instead. This is a subject of ongoing research.

(1) Regarding the relationship between geometric Langlands and function field Langlands: typically research in geometric Langlands takes place in the context of rather restricted ramification (everywhere unramified, or perhaps Iwahori level structure at a finite number of points). There are investigations in some circumstances involving wild ramification (which is roughly the same thing as higher than Iwahori level), but I believe that there is not a definitive program in this direction at this stage.

Also, Lafforgue's result was about constructing Galois reps. attached to automorphic forms. Given this, the other direction (from Galois reps. to automorphic forms), follows immediatly, via converse theorems, the theory of local constants, and Grothendieck's theory of $L$-functions in the function field setting.

On the other hand, much work in the geometric Langlands setting is about going from local systems (the geometric incarnation of an everywhere unramified Galois rep.) to automorphic sheaves (the geometric incarnation of an automorphic Hecke eigenform) --- e.g. the work of Gaitsgory, Mirkovic, and Vilonen in the $GL_n$ setting does this. I don't know how much is known in the geometric setting about going backwards, from automorphic sheaves to local systems.

(2) Regarding the status of function field Langlands in general: it is important, and open, other than in the $GL_n$ case of Lafforgue, and various other special cases. (As in the number field setting, there are many special cases known, but these are far from the general problem of functoriality. Langlands writes in the notes on his collected works that "I do not believe that much has yet been done beyond the group $GL(n)$''.) Langlands has initiated a program called ``Beyond endoscopy'' to approach the general question of functoriality. In the number field case, it seems to rely on unknown (and seemingly out of reach) problems of analytic number theory, but in the function field case there is some chance to approach these questions geometrically instead. This is a subject of ongoing research.