you will be fine, will it be the best setup in the world, no, but it will work for what you want it to do.
dont try and hover like crazy to begin with, it will fly light and floaty which is a lot of fun imo. i have a tower fun51 that has a os .40 fp and it has a 1:1 power ratio (hovers at full throttle) its not overpowered by any means but its a ton of fun to fly really slow and do aerobatics. overpowering the heck out of everything isnt nessary, while it can be fun, its not the only way to fly