Yes you have it right!! The 910KV motor will turn a larger prop at a few less RPM's and draw a little less from your battery. Of course that is less speed. Right now I doubt that either motor will make a difference to you. I would say get the 910KV for a little easier on your battery, but either one will be fine. I can't remember if the motor and ESC has MATCHING connectors. Order some 3.5 male and female bullets just in case. They are cheap.. Don't want to have everything and not be able to plug it together. The TP battery will be much better than your first choice.. You will need the blinky and a the TP adapter as you listed.. Looks good. mxerman