Why not you save up a bit more after the $160...wait a little longer and get a good 4 channel electric plane? I think getting a plane with all 4 channel control would be more worth it......You could use the radio which you have purchased for other planes later in the future as well if you want to go up and get a glow powered plane.

So just think about it and make the best decision for yourself....Any others fly nearby your place?