That's one way of using a Firewire audio interface capable of standalone operation, I suppose. Having a preamp like that is a bit like winning the lottery in this case already. Would there be some sort of chance of getting the thing to run properly, i.e. can you get a FW400 card for the 2009 Mac Pro (which seems to be FW 800 only), and if so, would the drivers cooperate with a more modern MacOS? I reckon the ol' Edirol would still be a decently capable interface today, at least about on par with the usual bus-powered USB jobs. That said, I bet the line-in on a 2009 Mac Pro isn't a slouch either (aren't they using an ALC889 or something?).
If you continue using the Edirol as-is, I would suggest the following:
1. Use the XLR input with corresponding balanced mics. Only the XLR in provides full sensitivity and lowest noise, not to mention P48V phantom power for mics that need it (on/off switch on rear panel). With this, the world of studio mics is wide open to you.
You should at least have a large diaphragm condenser mic. As far as inexpensive ones go, I quite like Thomann's t.bone SC 400 (also available as a dual pattern SC 600, cardioid / omni; figure-8 is reserved for higher price brackets). It's basically a generic China LDC (with the usual 34 mm Neumann clone capsule) with a fairly flat on-axis FR and low noise. Give it some acoustic treatment around the rear and a pop filter in addition to the customary mic stand and XLR mic cable, and it should serve you well for recording vocals. The one thing I didn't like was the supplied shock mount, which didn't do much at all here; I ended up bending the handle parts to allow free movement of the insides (previously blocked altogether) and unhooking the elastics in two points, allowing the mic to wiggle back and forth at least (big improvement in shock isolation already).
If you still want a dynamic mic and don't feel like rewiring the ol' FV4T (which looks like nothing special going by data), you can get some rather decent cheap ones. Or just borrow / buy a trusty SM58, I can't imagine there wouldn't be a bunch floating around in London alone.
2. Effective input noise is dependent on input gain (SENS knobs). When using a dynamic mic, they should be at 3-4 o'clock or so, while a typical LDC may only require about 12 o'clock. Match output level to input sensitivity by either MONITOR 1/2 level or headphone level control, depending on which output you are using.
3. You can in principle benefit from balanced signal transmission from the rear outputs when running one of them into the stereo line-in with a balanced TRS cable + 3.5 mm adapter and later subtracting the left channel from the right one or vice versa (never having used GarageBand, I have no idea whether there is an easy way to accomplish that). This may, however, not even be necessary in this scenario, and the headphone output may do the business just fine.