That’s an odd configuration, in that it’s the i-Con station with an older handpiece. The station itself is actually really good, being the older-type i-Con 1 (later renamed to the 1V) that supports both the new and older handpieces. Later i-Con 1 (without V) units support only the new handpieces.
With that said, you really want the new handpiece, the i-Tool, because it has twice the power in a smaller, lighter handpiece. Or even better, get the just-released i-Tool Mk 2, which they claim is 20% better still. The new bayonet-type tips of the Mk 2 mean you don’t have to buy a separate tip holder for each tip you buy; the bayonet-style ones have the holder built in, at the same price. And they’re easier to swap with one hand.
(I have an i-Con nano at home and it’s great, and have used the i-Con 1, 1V, and 2V extensively at work. I think they’re a great choice.)