sounds like a good set up. have u looked at ebay? i brought the same light as in that package (but 400watt version) i payed £59.99 which is pretty cheap, check out basement lighting(ebay shop) on ebay, you mite find a similar or same set up for cheaper!! that set up might be a handful if completely cluless about growing, but if previous growing experience has been had then i say go for it!! you will end up with some pukka bud!