Hi Brian,
I'd go with an RSQ Triple Tray for a player since I like to load several discs and start with tray 1, song 1... I have Shure 58 mics at home but I don't think that is necessary, there are some good mics like Excel, etc that are fine (in my opinion) for home use. I never plug the mics into the player, always the amp. If you don't have an amp I'd change to the single tray RSQ and buy an amp & speakers.
CDG = CD + Graphics
Susie