Yeah, too ambitious for a first project, I was just trying to think ahead at what equipment capabilities I'd need when the time came to tackle it a year or two from now. Rstofer's comment about the signal reflections was a good reminder that my skills are not quite there yet, I'd have no idea about that if I was troubleshooting today. What's interesting in terms of equipment though is that it seems like if you never know what project you're going to work on then you'd almost have to buy progressively more powerful equipment. Pictures of engineer's labs are often filled with tons of equipment, is it gear acquisition syndrome where they are buying new toys to use even though they could get by with what they have, or is it built up because they repeatedly have to buy faster/better/stronger gear that will match the increasing difficulty of their projects?
A lot of people just like collecting gear, look at anybody who is an enthusiast and has been into something for a while and they will probably have accumulated quite a large collection of related items. More serious professional engineers will typically buy a new piece of gear when they need it for a specific project, or they too might just see something that looks like a fun toy and decide to upgrade if their budget allows.
You can never have too much bandwidth, or too many channels, just like you can never have too much bench space, too much storage, too big of a workshop, too much land, too big of a boat, too much memory in your PC, too much money in the bank, etc. No matter how much you have there are times when you're going to wish you had more. All you can really do is buy what you can afford that will meet your needs now and hopefully a little into the future, don't become paralyzed with indecision based on what you might need some day. It is only very recently that we even had the luxury to think about this, 20 years ago a 100MHz DSO would have been well out of budget of all but the most serious hobbyists. When I got into electronics as a kid even a 20MHz analog scope was something I could only dream of owning.
One thing to remember with these budget scopes is they hold their value very well. Look on ebay for sold examples of a scope like the DS1054z, not asking prices but actual sold items. You will find many used ones that sold for nearly as much or in some cases even more than it costs to buy a brand new one from a place like Tequipment. Whatever you buy, take good care of it, don't be careless and fry it or let it get all beat up. Save the box and all of the odds & ends that come with it and if you later decide you need to upgrade you can probably get back most of what you spent on it by selling it to someone else. This does not have to be a major life decision and long term commitment. You don't have to buy the scope today that you will use for the rest of your life.