First thing you are assuming with this bow is that it fits you. This may not be the case and if it is not then it will only cause you to have bad form when shooting and ultimately cause you many problems in the future.

Take the bow to a bow shop or have an experience archery hunter look it over with you for you. Check your draw length and draw weight of the bow. If the draw length or the draw weight is not correct for you it will be very difficult to get proper form.

As for just putting on new accessories to this bow you need to price them. There are many bow packages out there that come with all the bells and whistles for under 200.00 if you look. This is not to mention all the other benefits you can gain like flatter arrow flight, and more consistency in your shooting.

Bow hunting is not something you can just go do it is a sport that requires alot of preparation. I can tell by your comments you are ready to start this process and have enough experience to put in the time that it takes to become a good bow hunter.

Do yourself a favor and start out at a bow shop or at least have a friend help you to determine which bow will be right for you before you spend any time or money on the older bow. It may be the perfect bow for you or may be far from it.

Just a few things you should be familar with before hunting with a bow are:

Draw length and how to determine it
Draw weight and how to determine what is best for you
Paper tuning
How to pick an arrow for your draw length and weight
broadhead weights and how to allign them
broadhead vs field points
fixed blade broadheads vs mechanical
jumping the string
noc point
release vs fingers

I'm sure there are many things I am forgetting and you may know all of these things already, if you are unfamilar with any of them then just post the questions and someone will be able to explain them to you. There are also many great books available describing archery and how to get started. It is a great sport.

Good Luck

" Anyone can be a father, but it takes a real man to be a Dad"