Privacy for lower level room

This is not meant to be a complete answer, but might help with your understanding of it. My understanding of the physics of windows is as follows -

Nearly all radiation (visible, UV, infrared, every other type too) that travels from outside the house into the house and is absorbed (not reflected back out again) is converted into heat. I would expect that exceptions (such as the energy from UV light causing a chemical change, such as when it fades your couch, or waves that induce a current in a conductor) are relatively negligible.

This means any radiation that can be reflected from the window to prevent it entering the house reduces the heat load. Also, if the radiation is absorbed into the window glass (eg through tinting it), then some of the heat from the window glass will be lost to the outside (through both conductance/convection and some radiated heat) which is an additional benefit.

A heated window pane would like lose more heat to the outside than the inside because the wind would help keep the temperature difference between the glass and the adjacent outside air larger than the temperature difference between the glass and the inside air.

Is it DIYable? Yes. No. Maybe?

You may find that you start the job, everything works out just right, and you complete the work in record time and under budget. More likely, you'll run into a bunch of unforeseen problems, take 5 times as long as you'd expect, and end up way over budget.

The best way to tackle DIY work that you are not sure about, is to have the resources available to quickly fix mistakes. In your situation, it might be a good idea to purchase a replacement window before you begin. If you damage the old window beyond repair, you'll simply have to install the new one. On the other hand, if the repair works out, you can return the new window you purchased.

It also never hurts to have somebody with knowledge in the type of work you're doing, so if you run into trouble they can offer guidance.

If you come across something you are really not comfortable with, there are always professionals available to do the work for you. You might also be surprised that they charge less than you might think (not always the case, but does happen).