You can use 1/4w, but some locations are a little tight where the resistor is lying down.
My parts list shows C2 as a 25v capacitor. Its on the 5v rail so anything over 10v is OK, the main thing is to ensure 0.1" lead spacing else it wont fit the board.
If your DC supply is greater than 24v you will need a heatsink on the voltage regulator.
Here are a couple of pictures of one of my boards...
Here is a picture of mine


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