well you are normalized, but your stats with shitty gear are going to be a little bit low. they shouldn't be so low as to get completely shredded by anything you run into though.
wait times for dps are about 15 minutes to half an hour... ish.. during more active times (for a random - specific can take a lot longer unless is non DLC vet pledge). the wait may actualy be shorter right now, since normal dungeons are a great way to farm event skulls (reward bags that drops from bosses). with current event xp buff you will hit 160cp in literally couple of dungeons. another way to level up relatively quickly, though its incredibly mind-numbing is to join a dolmen group in Alik'rs desert or Auridon. ( there should be a few more zones for those, but these 2 I know for a fact to have 24/7 dolmen zergs going). the plus to that is that you could be naked and STILL clear dolmens and get loot out of finished event chests.