Hi GJ. I suggest that if you don't know that "RA" is Right Ascension, you might have a bit more reading to do before you invest in an EQ mount. Here's a simple explanation of astronomical coordinates:-
http://liftoff.msfc.nasa.gov/academy...rse/RADEC.HTML
Most people seem to build up steadily, as their knowledge and understanding grows.
I'd be recommending Option 1 - that will give you enough to learn for some months.
Hows that puppy doing?