ThBrtmn
Thanks for the kind words. Nope, I don't work for Century nor am I a Representative. I just like to provide suggestions based on actual experience. Alot of people seem to be oblivious to the fact that Century is coming on hard. They got in the game when the Shuttle & Kyosho Concept series was tops. When the Hawk came out it took the market by storm like the Raptor did. But, there were some design changes needed and Century kept refining it year by year till now it's a VERY difficult little design to beat. That and they can produce them cheap because of how long the main components have been amortized. For $160 bucks you get a solid design that has been proven again and again. You can upgrade this thing till your purple. It can go from Hawk Sport to Falcon SE V2 if you want to take the long route. By the time you get there you got features that normally are only on 60/90 size helis. To be honest, that $160 isn't a set back at all. It's an investment in your heli success!

Now, regarding equipment ALWAYS try to spend as much as you possibly can on the radio system and gyro. If it takes you another two or three paychecks to get a JR 8103 or Futaba 9C instead of that Airtronics RD 6000 Super then by all means wait. Radio selection is that serious! I do want to say that the Airtronics RD Heli series is a VERY VERY good value(features/price). If you can try to do the 8000 cause scale use needs some channels and the 8000 gives you a couple more to work with. Got it?

Servos will be fine. Those are nice servos. Battery - you need at least 1000mah 4.8v pack. If I were you I would get something from 1400 - 2000.

The GY401 is the current king. Stay right there. Period!

Tools:
Ball link pliers
Hex wrench set(the Century one is pretty nice and cheap for $20)
Pitch Guage (Vario or Minature Aircraft(MA))
Screwdrivers (mainly Phillips #1 size bit)
Blade Blancer (PM me, I got something that will work for cheap)

These are the minimums except for the blade balancer. It can be done without one but with not as much accuracy. But, for hovering you just don't want any bad vibrations so a spanwise check is best.

Try to get Ray's Authoritative Heli manual and read it before building. It will open your eyes to look for things before you actually do it. It's overall the best manual out there. Just include it with your order or get it before you get your heli and read it. I had one but sold it to a beginner. He loves it!

Who knows, by the time you get past FF and want to do scale maybe you will put that Hawk inside one of the many scale fuses that Century had for it.