no matter how much money you have - you can only spend it once (never mind that it can be taxed a gazillion times LOL)
go for it if a: you have the money, b: the money isn't needed for something else (you did say you'll be getting replacement money)
I have a Bailey 15" and even tho there was (was being the operative word - they closed) a very reasonably priced longarm quilter about an hour from here the number of quilts I want to made it quickly apparent that I would save a LOT of money by doing them myself...
You will really enjoy being able to say "I did the whole thing myself"