Looks like a pretty solid choice IMO. Always nice to deal with a local, forthcoming enthusiast -- who I'm sure would be delighted to help you on your first pin. Just gotta pull the trigger and don't look back. I've spent quite some time on a Gladiator back in the day, and it was fun.

As for the drop target, the ad said he was waiting to put together a parts order. Besides, replacing it will be a great way for the OP to get his feet wet!