i completely agree with extreme1. the shop owners i've talked to don't like to spend and hour or more with someone setting up a $32 accessory (in their defense, with you, being your first bow, it may be real tough). its funny though, whenever i go shoot at a shop, guys won't quit asking me about them and deciding they want one. i can now install one in about 5 minutes and have it perfect, but the first time took a long time. in fact it took weeks because for me it was a whole new world. now i can shoot without it.

a big reason i can do it now so fast is my consistent anchor.

in your situation, first bow, i think i'd suggest a $3 true peep like jimmy said. once you've established some form and anchor i'd start playing around with a no-peep.