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It should suffice for wattage...whether its a nice iron or not I cant comment on...I have a Weller which is a solid piece...in any case - your RS should do the job...
As far as solder you basically have a couple options...Kester 44 60/40 rosin core solder or the Kester 62/36/2 Silver solder. The latter is a bit more expensive but is theoretically better stuff. Do not buy ACID core solder whatever the case as its not suited for electronics...As far as diameter, .025 diameter or .031 should be fine...I use the latter but know others who use the former.
I have my solder on a Weller SM1 Solder Mate...I have a solder iron holder for the iron...and you can get vacuum vise clamps to hold your work...
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