First off this place is great!

I'm looking to purchase my first ... well everything, but mainly need some advice on the razor. I'm a student, so I don't want anything fancy (I don't have a lot of money ... yet), but I would like to get something quality that's going to last, and be a good "performer". After reading a bunch I'm pretty sure I should be looking for an already honed, round point, carbon steel razor, and am wondering if this one from Bill Ellis (I'd like to support the group) would be a good choice? It doesn't specifically say it is carbon steel, but is it safe to assume it is?
Should I be concerned about the amount of hollow?

Please let me know if this razor gets the thumbs up, or if I should look elsewhere for now.
Thanks!
Mat