I have the same machine. The more I use it the more attached I get to it. I am still a beginner quilter but I think it works well for small fmq projects. I do think the table space is important and am trying to figure out how to set up my little sewing room to accommodate a larger table to hold a double or queen quilt.
I now have 6 quilt tops, and I'm a bit of a chicken...I have them sandwiched and ready to go. I'm afraid I'll wreck them. I've done one, it didn't work as well as I'd like and I spent a week picking out the stitching.
I'll be interested to see how yours works out and to hear any tips you have.