looking at getting into compounds

[mrcrossbow]

few questions bit back ground.
as title says looking at getting into compound bows.
been doing archery for 20 25 years mostly longbow some recurve.
so been looking at compound bows and am really close to getting one, just not sure what one.
was looking at cabelas , they have one by bear archery.
called rant rth package. price is about what I want spend ( $400 ish )and it comes in LEFT hand ( yes I'm a lefty ) not sure if it's a good bow in general for target and hunting. couldn't find any real reviews on line. Any other ideas on a decent package deal in that price range ?

also arrows. do I set them up same as I would for my longbow? if the compound bow is say 60 lb and my long bow is 60lb draw can I use same arrow ?
if compound bow is 60 to 70 lb draw what arrow weight should I use for 125 grain broad heads ( arrow of 31 inchs ) roughly.

any advice , ideas, etc would be much appreciated.
and yes I know a 400 budget is low. but throw in arrows ,broadheads, oh a release, and I'll be pushing 700 ish. if I enjoy the bow I'll upgrade to a cry once bow and gift this one to some one starting. just don't feel like spending a grand or more right off the start. thanks for any replies and time in reading this.