HF 110lb Blaster questions

I know some of you have the HF 110lb pressurized abrasive blaster. I'm considering buying it now, since it is on sale for $129 plus I have a 20% off coupon. I'm wondering if is is feasible to strip the rust and paint on my D100. The soda blaster attachment is also on sale for $19. I have a 60 gallon 125 psi compressor to run it. I have siphon sand blaster now that I've used. Over all this seems to be a very messy job just blasting some wheels but, they came out nice and clean. Here goes.

1) What media to strip rust and paint?
2) Guesstimate time to blast this D100?
3) How much media would I need?
4) What else am I getting into, school me?

Thanks Craig