If that is the $ amount you're planning to spend, that's what I'd go with. I've never shot a Wolf but from what I hear they are a great gun for the money. Accurate and dependable. There are flashier guns out there, but if you are wanting to put a bullet in a deer, it doesn't matter what the gun looks like or how much it costs, just how well it shoots. I don't care how 'cheap' they are-I bet the guys making fun of them wouldn't want one pointed at them!
As far as getting started quickly yet effectively, buy some Pyrodex or Triple 7 pellets. Buy a box of 250gr T/C Shockwaves (readily available and get very good accuracy reviews). Try 2 pellets (100grains) of powder and see how the gun groups.
Take a look at the videos on CVA's website. They try to push the CVA products, but they also give you a good bit of information on the how-to's of muzzleloading.
Good luck to you and have fun. I'm sure you'll enjoy your Wolf and it should serve you well for years.
rw