Hi Ward,
Though I'm no pro at this it seems you need about what I used for my Vector and I think you could do better for your money in the motor area. I'm a firm believer in "you get what you pay for" so I like the Scorpion motors as they seem to be of very good quality. I think the 3020 SII would power your plane nicely and it can be had for $69 here;
http://www.innov8tivedesigns.com/index.php?cPath=21_25_80 I would think you could go with either the 890 or 780kv and be just fine. I have the 890 and it powers the Vector with authority and plenty to spare.
I got my Ice lite 50 and field programmer which includes the cable at BP Hobbies,
http://www.bphobbies.com/, using their "Make us an offer" thingamajig, the lowest price they'll take for the ESC is $76.46 and $22.91 for the field programmer which also includes the cable so you can program the ESC with your computer. If you click the make us an offer button on each item and then place the above coresponding prices in the box it will accept your offer and place them in your cart. This is the lowest price they'll accept, I contacted them and they told me that's as low as they'll go.
The Hubin timer is fantastic, I love mine but the programmer is recommended-very handy.
I have a couple of the Hyperion batteries and they are great but I have been using the GensAce batteries and can get two of them for the price of one Hyperion and I can't tell the difference between the two power wise. GensAce can be purchased here;
http://www.hobbypartz.com/98p-25c-2500-4s1p.html for $29.62 each.
A 10S is a good charger and they seem to be highly recommended(I have a Bantam) but I have several flying buddies here who buy the $40 chargers from Hobby King and love them, though I prefer to invest in a better charger the choice is yours.
so let's see what we've got here;
Scorpion motor- $70
Ice Lite 50- $76.46
Field programmer with cable- $22.81
GensAce battery/ies- $29.62 each
Hubin timer- $10
Hubin programmer-$75(I think)
So we're now at about $285 and you can pick a charger of your choice, many good ones out there and some crappy ones too. If I was doing it again I'd buy one from FMA I think. Hope this helps ya!!
John