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Hi Mistyspook,
Stick with the 114 for now. It is more than three times the size of the 60mm refractor. This means that it collects more light and can resolve finer details. The 60mm refractor will also suffer from chromatic aberration, which is seen as a rainbow effect around bright objects. The reflector will not suffer from this. It is a better scope all round over the refractor.
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