Hi Justin;
Yes, that Brodak tank and engine will work just fine to get you started. If the needle settings get to be finicky with the LA.40, try changing out the O-ring on the needle. They tend to leak air. The typical up grade is to replace the plastic back plate (if it has one) with a metal back plate, and install a through the venturi needle valve assembly in place of the rear needle set up. To me, there is nothing wrong with the rear needle concept, and the needle valve assembly they used on the FP series when that first started worked quite well, but OS keeps going back to that O-ring sealed needle for some reason. Just keep changing them until you find one that seals better. Search around the vender corner for Randy Smith, Jim Lee, and several other venders that sell after market needle valves and venturis. Pick up an extra head shim or two, Glow devil R/C Long or Thunderbolt or other known hot glow plug, some 11-4 props ( I like the APC 11.5-4) and some fuel that is 5 to 10% nitro and at least 18% total oil that you can add castor oil to to get to around 22% total oil. Types of fuel and availability varies in different parts of the country, and if you can only get typical R/C fuel like Morgen's Omega, get that and some castor oil to add to it. Around 4 ounces to a gallon of fuel gets you in the ball park. You'll probably going to use muffler pressure also. Do a search on the list here and in the engine section on the LA.40 and you'll find lots of variations on the set up, but for beginner, this should get you going with some consistency. Since you are what I like to call a "retread" you'll find out through research and experience that some things haven't changed much, but some things have. Tanks are one of those things that you can stay up late into the night and drink a lot of beer talking and arguing about, but experience is the best teacher. Once you get a good foot hold back into the hobby, making your own tanks can be a quite beneficial skill to have. Fred Krueger, up in the Chicago area, has a design for a profile tank that is easy to make, and I think works better and more consistent than off the shelf tanks. it's a taller, but lower profile uniflow/chicken hopper style tank, and a search here may turn up a drawing, or maybe some one can send you a file for one. The Twister will serve you well, and I advise sticking with it and refining your building and trimming techniques with one type of airplane. If this number one airplane comes out nice and flies well, start in on number two as soon as possible and try to duplicate it, and add any other little changes you might decide on. You can make a Twister look different each time you build one, but by keeping the same basic design will make each new model fly like the last one did.
Well, that's more than the short answer you were probably looking for, but I tend to do that at this hour of the night! Just watch the little details, and the big details tend to take care of themselves.
Good Luck and Have Fun,
Dan McEntee
(I'm 57 years old also, just never quit since I was 12 years old!)