Hi Chris,
I have similar needs, and have to say that Reaper is wonderful. As to your questions, I'm sure others will add a lot, but here are a few thoughts.
Are you sure your stated RAM is correct? I only ask because it's an unusual number. If it is correct, additional RAM will certainly help. An external drive will also help. I think you are on the right lines. The faster the drive, the better. Other than that, I would hope you are fine.
A number of things to think about. First, what do you really want to do? I am going to assume that you want to record yourself and guitar.
So, you have an electric guitar and an acoustic guitar. And a voice. And you need to get these into your PC. Any other instruments (drums and so on) can be added later, possibly on your PC.
Let's start with the electric guitar. There are two ways of getting this into the PC. You can go direct, or you can mike up and record your amp.
Let's assume that you are going to go direct. Let's also assume that the sound card on your laptop is a bit crap. Mine is. Most are. Let's also assume that you don't have a dedicated recording space and there may be others in the house, so going direct is a good option
So, you want something outside that you can plug your guitar into, and that you can plug a microphone into (at least one) and that acts as a decent soundcard.
I don't know enough about the Line6 Toneport to comment. But there are a number of boxes that will do the trick, and a few things to think about before you buy one.
How many microphones will you want to connect? When you use your acoustic, will you use a microphone and will you want to sing at the same time? Might you want to mike up your amp? Might you want more than one microphone on your acoustic? Are you planning on wiring up your acoustic, or does it have some pickups already?
You may want phantom power on your microphone(s). Does the box allow this? Most people seem to recommend a condenser microphone, and most of those require phantom power. More about microphones later.
So, you may want phantom power and you may want 2 microphones connected at the same time.
Do you want to connect to USB or firewire? I will assume USB, but there are firewire options available.
There are lots of options. If anyone has something they think fits the bill, I will let them recommend it. Here are some options for USB:
Alesis IO2 (£114) -
http://www.nusystems.co.uk/product/Alesis.IO2
Edirol UA-25 (£139)-
http://www.dolphinmusic.co.uk/page/s...roduct_id/4001
Presonus Inspire 1394 (£135) -
http://www.dolphinmusic.co.uk/page/s...roduct_id/7768
M-Audio fastTrack Pro (£155) -
http://www.musiconmypc.co.uk/product...roducts_id/272
There are others at varying prices, but much depends on what you want to connect. If, for example, you just want to connect your guitar and one dynamic microphone, the M-Audio FastTrack USB at just under £60 could be fine.
OK, next. Don't forget cables. Budget for some decent cables
I would draw up your layout and make sure you have the cables you need. Can you take the output from your amp straight into your line input? Sometimes you can use the headphone out and connect that via cable.
Next. Monitoring. You will need to be able to listen to what you are doing, so speakers/headphones need to be considered.
Microphone(s). Buy the best you can get. You will have to research this or maybe someone has a recommendation. Right now I only use a single dynamic microphone, and it's fine for my needs - but I haven't done much with my acoustic yet (because it is away being re-fretted and having some surgery).
Don't forget a mike stand and a pop filter. I'd go for a boom stand. Mike stands and pop filters are cheap! Yay!
I would draw up your layout and make sure you have the cables you need. Can you take the output from your amp straight into your line input? Sometimes you can use the headphone out and connect that via cable. Get decent cables.
Latly, think about where you are going to record. If you are going to use microphones, the space you will record in will have an effect. If you are using the spare bedroom (like me), it will be fine, but you won't get the best out of top quality kit.
So, be realistic in your expectations.
My last bit of advice (for when you have this all set up). Start a project ASAP. You can get lost in all this recording stuff, and there is nothing like a project to help you learn the bits you need (rather than the bits you think may be interesting). Keep it simple.
This board is a great community and full of very helpful people.
Welcome to it!
Edit: Just seen a few reviews on the Line6 TonePort UX2 - sounds good! Around £125-130 seems to be the best price.