I have never done anything in lisp before
Emacs has a built-in emacs lisp tutorial. That would be a good starting place.
struggle to understand how single quotes signify a function or what ever
Not exactly sure what you mean by that. Again, I recommend the manual, but you can think of quoting as a way to tell the interpreter "don't evaluate this".
e.g.
(prin1 (+ 1 1)) ; (+ 1 1) is evaluated, prints 2
(prin1 '(+ 1 1)) ; prints the literal list (+ 1 1)
There is also backquoting, which I recommend reading up on, too. The syntax and rules are simple, but powerful.
Is this even "viable", or advisable?
Try it out. At worst you'll learn something. Fretting about whether or not to give it a shot is a waste of time. I'm sure you can find previous problems and solutions in a lisp.
Should i be looking at common lisp instead?
Do a few problems in elisp, a few in Common Lisp.
Or would you say that's a pretty dumb idea and i should rather learn it in a different way?
The only foolish idea is to spend time debating about whether or not to try learning something. No one can make that call for you. Try it and see if you like it.