C.G.
A lot depends on the anesthesiologist. Also, many women find a combination spinal/epidural to be more effective, so I would ask if that is something that is available at your hospital.
As for the episiotomy, I would recommend relooking that for the next birth. An episiotomy increases your risk of future pelvic floor problems as well as pain and healing time being increased (studies have shown). A tear occurs along a natural weak spot and heals better and more naturally. I had second degree tears with both of my children and no epidural and didn't feel them at all. Best wishes!