if you go with a shockflyer (highly recomended) you can go with a 10 dollar cd rom kit from [link]http://www.gobrushless.com[/link] and a small 10 amp speed control. as for the battery, that is a good choice. does that greatplanes charger charge lipos? im not to familiar with it. I woul rather see ya invest in the hobbico quick feild charger....this can charge 2 lipos at once (you will eventually have more than 1 lipo....believe me ) and its worth every penny of the 55 dollars...

hope this helps, any other questions just yell