The charger should work fine, but I not sure about the Blinky balancer. Can it be used to charge the battery as well or just check and discharge the cells.

You may also want to check around for better pricing on the TP Li-Po's.

You may find some useful info [link=http://www.rcuniverse.com/forum/m_5266894/tm.htm]here[/link] if you haven't looked already. There is also some good info on the Batteries and Chargers forum.