That's what the 55g kits are going for here in Ohio for about the same thing as you described.
I'm no fishy guru, by any means, but as for the filter, and lighting too, it would depend a great deal on what you hope to accomplish with your tank. For instance, if you are wanting a planted tank, canister filters seem to be preferred and the lighting that comes with that kit is not going to cut it at all.
However, if you are not planning on planting it, that filter would work (maybe even in a planted) depending on the bio load and number of the fish you want to keep. Which can usually be remedied by adding another filter.
So, for a better answer of "Will this filter work for me?", let the good folks here know what you want to accomplish. You'll get a much better answer and save yourself a heap of problems later on.
Just my 2 cents,
DeMonZ