RE: Mode 1 vs. Mode 2
You already know the most important feature of Mode One flying - the separation of the two main pitch and roll controls. It is specially important in racing - close to the ground and high speed.
A slight error one way or the other and your race is over. If you have followed racing history, you know that a very high percentage of the successful racers are Mode Oner's.
Being in the minority, you will be subject to criticism. Consider the source - if you haven't already figured it out, note that there are two classes of flyers - those that pilot an R/C airplane, and those that point it.
Your interest indicates you will be a pilot - good luck. Eloy