Rabbits are excellent eating!! A rule I've always gone by here In Mn Is If the month has an R In It I can then eat them. There's something about wild rabbits that were suppose to eat them In the colder months around here. Something to do with there liver I think. As for your set up, that will be more then enough to do the job. As for tips on hunting them, just go out there and do It. There pelts aren't worth a whole lot.