The scope
may be ok but that mount and tripod is a nightmare. Way way undersized for anysort of relaxed viewing. I suggest you be
very careful buying scopes off ebay. You can get the occasional good one but the majority are simply rip offs. There are good second hand astronomy equipment sites on the net but unfortunately ebay is not one of them.
Realistically if you want to go for an Equatorial mount then the minimum sized one would be an EQ3 or EQ4. Look at the mounts on this page.
http://www.andrewscom.com.au/site-section-10.htm The Guan Sheng GS-300 and SkyWatcher 102X1000EQ3 are both on EQ3 mounts. Compare them with the EQ2 further up the page. There is no comparison when it comes to stability. If you are seriously looking at an equatorial set up IMO these are the
minimum mounts you should consider. Anything smaller, unless its carrying a much smaller scope will drive you to distraction with wobbling and vibration. And even with the socpes that are on these EQ3s there will still be movement.
If you don't mind me asking, what sort of limit were you looking at as far as cost goes. If we know more maybe we can direct you to a scope to suit your needs. Also what sort of things are you wanting to look at?