The effects of an intracavity photonic crystal in a multimode optical parametric oscillator are studied, with a special focus on quantum fluctuations. The capability to either stimulate or inhibit the spatial instability, lowering or increasing the parametric threshold, allows to control the intensity fluctuations and correlations. A significative quantum noise reduction and an increase of the range of squeezed quadratures are found above threshold where spatial Einstein-Podolsky-Rosen entanglement and inseparability are found.