Rega Planar 2 W/ Luster R200 Arm -OK???

I just bought a Rega Planar 2 turntable with a Lustre R200 arm. This is the tonearm they used before creating their own. This is my entry into the world of analog. How did I do? What cartridge would you recommend?
How much did you buy it for? If you paid more than $300 w/cart you didn't do so well. What's the rest of your system?
Here is my current system, Lolo
Golden Tube Audio SE-40 on the Top
Pioneer Spec-4 on the bottom (150W Class A)
Conrad Johnson PV-8
Snell A-III's
Conrad Johnson Sonograph CD player
Rega Planar 2 W/ Yamaha MC Cartridge
AKAI GX-625 10" Reel to Reel
Speaker Cables are Straight Wire (factory terminated) Interconnects are Goertz MI (borrowed from a friend) on CD to PRE and PRE to Golden Tube. Monster Cable (Cheapo's) on everything else.
I need Power a Conditioner, New Phono step up, and a Rack.
I'm still in the process of putting this system together - It's a work in progress.
I paid $305.00 for the table with a cheap ortofon cartridge.