Peanut oil is more durable than most other oils. This allows you to reuse your oil and save money. It has a higher flash point than most oils. This makes it safer for frying at high temperatures. It also does not transfer food flavor. This allows you to reuse your oil with different food types. These are just a few examples of why choose peanut oil.
Actually, fried turkey isn't much different than baked turkey, at least in regard to health. When you lower a turkey in hot oil it sears the skin, and this blocks any oil from getting to the meat. This is why fried doesn't taste greasy.
I wouldn't recommend it.
We recommend keeping them around 12-15 lbs, although you can fry any size you would like.