There was a booth at the Houston Quilt Show that was all about quilting with a serger. From the little I've used one, I think it would be a good deal. If I had that opportunity, I'd take it in a trice!
Try these sites:
http://www.sewaquilt.com/quilting-with-a-serger.html
http://www.lindaleeoriginals.com/
http://www.sewvac1.com/Library/serger_baby_quilt.htm
http://www.ehow.com/how_4929062_make...ng-serger.html
Go for it - for $200, you can't lose!